(a) The regulations in this subpart apply to owners and operators who treat or store hazardous waste under a standardized permit, except as provided in §267.1(b), or §267.140(d) below.

(b) The owner or operator must:

(1) Prepare a closure cost estimate as required in §267.142;

(2) Demonstrate financial assurance for closure as required in §267.143; and

(3) Demonstrate financial assurance for liability as required in §267.147.

(c) The owner or operator must notify the Regional Administrator if the owner or operator is named as a debtor in a bankruptcy proceeding under Title 11 (Bankruptcy), U.S. Code (See also §267.148).

(d) States and the Federal government are exempt from the requirements of this subpart.