Upon written request by the owner or operator, the executive director shall provide written consent to termination of a financial assurance mechanism when:
  (1) an owner or operator substitutes and receives approval from the executive director for alternate financial assurance as specified in this chapter; or
  (2) the executive director releases the owner or operator from the requirements of this chapter.

Source Note: The provisions of this §37.61 adopted to be effective December 30, 1996, 21 TexReg 12297; amended to be effective March 21, 2000, 25 TexReg 2347