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Delaware General AssemblyDelaware RegulationsAdministrative CodeTitle 710001300Split1351


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Department of Natural Resources and Environmental Control

Tank Management Section

1351 Underground Storage Tank Systems


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Net Worth Test

FC: 76

DNREC Facility ID#:

1. Amount of UST Annual Aggregate coverage being assured by a financial test, and/or guarantee:$_______

2. Amount of corrective action, closure and post-closure care costs, plugging and abandonment costs and other liability coverage covered by a financial test, and/or guarantee:

(This includes but is not limited to Subtitle C Hazardous Waste Facilities,

SDWA Class I Hazardous Waste Injection Wells and AST coverage) $___________

3. Sum of lines 1 and 2: $___________

4. Total tangible assets: $___________

5. Total liabilities $___________

(if any of the amount reported on line 3 is included in total liabilities, you may deduct that

amount from this line and add that amount to line 6)

6. Tangible Net Worth (subtract line 5 from line 4): $___________

7. Is line 6 at least $10 million? ………………………………………………… [ ]Yes [ ]No*

(Tangible Net Worth at least $10million)

8. Is line 6 at least 10 times line 3? .................................................................. [ ]Yes [ ]No*

(Tangible Net Worth 10X's the sum of other environmental obligations)

*If the answer to line 7 or line 8 is "No", this test cannot be used to meet the UST Financial Responsibility requirements.

Complete Lines 9-11 OR Line 12

9. Have financial statements for the latest fiscal year been filed with the

Securities and Exchange Commission? ................................ ……………. [ ]Yes [ ]No*

10. Have financial statements for the latest fiscal year been filed with the

Energy Information Administration? ......................................................... [ ]Yes [ ]No*

11. Have financial statements for the latest fiscal year been filed

with the Rural Utilities Service? ................................................ ……….. [ ]Yes [ ]No*

12. Has financial information been provided to Dun & Bradstreet, and

has Dun & Bradstreet provided a financial strength rating of 4A or 5A?

(Answer "Yes" only if both criteria have been met.) .............................. [ ]Yes [ ]No*

13. Have year-end financial statements which do not include an adverse

auditor's opinion, a disclaimer of opinion, or a "going concern"

qualification. (Answer "Yes" only if both criteria have been met)….. .............................. [ ]Yes [ ]No*

Last Updated: February 12 2016 14:12:14.
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