  |
Radioactive
Materials Branch |
 |
|
|
| Financial Assurance for Decommissioning Information |
|---|
| The North Carolina Regulations for Protection
Against Radiation require that certain licensees submit financial assurance for
decommissioning to the agency. These regulations (outlined below) are designed to
protect the public health and safety and the environment. This is accomplished by
securing funding from the license to cover or offset the cost of decommissioning
activities at the location(s) of use listed in the license. Please note that ALL new applications and renewal applications MUST contain information from the applicant that they have performed the calculations required by the Regulations and either do or do not have to submit financial assurance information. Not every licensee will need to submit financial assurance information to the agency. The need to submit financial assurance information is driven by the physical half-life of the radioactive materials on the license (or requested in the application), the licensed (or requested) possession limit, and the physical form of those materials. This step in the licensing process can be a lengthy one. It normally involves not only the Radiation Safety Officer, but usually the licensee's financial and legal personnel as well. The guidance listed below is designed to assist the licensee in: (1)
providing the applicable regulations governing financial assurance requirements; Click on the appropriate topic for additional information
|
| Sample Surety Documents | |||
|---|---|---|---|
| The agency, in conjunction with the
N.C. Attorney General's Office, has developed the documents listed below. These
documents are designed to give licensees "boilerplate" language for those surety
methods. If the licensee or applicant so chooses, they may use the language as
presented in the boilerplate and simply "fill in the blanks" in the
document. Since these documents were developed with the assistance of the Attorney
General's Office, they are acceptable to the agency "as is." These documents are not required to be used in their present form. Should a licensee or applicant decide that they need to make changes (either additions or deletions) to the documents, they may do so. However, it should be noted that the agency would require a "strikethrough/underline" draft of the document to allow for a more timely review. The agency STRONGLY ENCOURAGES the licensee to submit a "draft" of any surety document to the agency for review prior to obtaining the necessary signatures. Should the agency find issues with the draft, these can be easily rectified before the instrument is executed. If the licensee or applicant submits financial information that they deem to be confidential, this information MUST BE CLEARLY MARKED AS CONFIDENTIAL. Additionally, the agency reserves the right to review any licensee's claim to confidentiality if it finds the need to do so. PLEASE NOTE that if the agency (in conjunction with an Assistant Attorney General) determines that the information does NOT need to be maintained as "Confidential," the licensee will be notified of the finding in writing by the agency. The licensee then can either (1) request that the information be returned to them or (2) allow the agency to treat the information as a public record. NOTE: Unless otherwise noted, the information provided below is in
Word97 (
|
|||
 |
10 CFR 20 Appendix C | Financial Assurance Worksheet (Excel97) |
 |
|
|
Trust Agreement | Standby Trust Agreement |
|
|
|
Escrow Agreement | Negotiable Certificate of Deposit |
|
|
|
Non-negotiable Certificate of Deposit | Payment Surety Bond |
|
|
|
Irrevocable Standby Letter of Credit | Statement of Intent |
|
 Top of Page |
|||
| Last Modified: 28 January 2008 |
|
|
|
