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KANSAS DEPARTMENT OF HEALTH AND ENVIRONMENT BUREAU OF WASTE MANAGEMENTFinancial Assurance Form 125 SIMPLIFIED IRREVOCABLE LETTER OF CREDIT (For Closure costs only and value cannot exceed $100k)Date:___Letter

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What is financial assurance form 125?

Financial assurance form 125 is a regulatory document used to ensure that the applicant has sufficient financial resources to meet liabilities related to environmental impacts or other obligations.

Who is required to file financial assurance form 125?

Entities that are engaged in activities that may pose environmental risks, such as hazardous waste management or mining operations, are typically required to file financial assurance form 125.

How to fill out financial assurance form 125?

To fill out financial assurance form 125, gather the necessary financial documents, accurately complete the required sections including financial data and estimates of potential liabilities, and submit the form to the appropriate regulatory authority.

What is the purpose of financial assurance form 125?

The purpose of financial assurance form 125 is to provide proof that an entity can cover costs associated with potential environmental remediation, ensuring adequate funds are available for liability mitigation.

What information must be reported on financial assurance form 125?

Information that must be reported includes the financial status of the entity, estimates of potential liabilities, type of financial assurance mechanisms being used (like insurance or guarantees), and other relevant financial data.

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