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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 Working Capital 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 aggregate 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. Total assets in the U.S. (required only if less than 90 percent of assets are located

in the U.S.): ................................................................................................ $ ___________

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

(Tangible Net Worth at least $10 million)

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

(Tangible Net Worth 6X's other environmental obligations)

*If the answer to line 8 or line 9 is "No", this test cannot be used to meet the UST Financial Responsibility requirements.

10. Are at least 90 percent of assets located in the U.S.? ……………… [ ]Yes [ ]No*

(If "No," complete line 11)

11. Is line 7 at least 6 times line 3?

(U.S. assets at least six times the required amount of UST coverage

plus other environmental liabilities) ………………………………. [ ]Yes [ ]No*

(Complete Lines 12-15 OR Lines 16-18)

12. Current Assets: ................................................................................. $______________

13. Current Liabilities: .......................................................................... $______________

14. Net working capital (subtract line 13 from line 12): ...................... $______________

15. Is line 14 at least 6 times line 3? ............................................. …. [ ]Yes [ ]No*

-OR-

16. Current bond rating of most recent bond issue: ......................... _____________________

17. Name of rating service: ............................................................. _____________________

18. Date of maturity of bond: ....................................................... _____________________

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

Securities and Exchange Commission (SEC), the Energy Information

Administration (EIA), or the Rural Utilities Service (RUS)? ........... [ ]Yes [ ]No*

*(If "No," please attach a report from an independent certified public accountant certifying that there are no material differences between the data as reported in lines 4-18 above and the financial statements for the latest fiscal year).

20. The firm's year-end financial statements have been independently audited

and do not include an adverse auditor's opinion, a disclaimer of opinion,

or a "going concern" qualification…………………………………… [ ]Yes [ ]No*

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