[Code of Federal Regulations]
[Title 40, Volume 24]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 40CFR270.40]

[Page 307]
 
                   TITLE 40--PROTECTION OF ENVIRONMENT
 
                           AGENCY (CONTINUED)
 
PART 270--EPA ADMINISTERED PERMIT PROGRAMS: THE HAZARDOUS WASTE PERMIT PROGRAM--Table of Contents
 
                      Subpart D--Changes to Permit
 
Sec. 270.40  Transfer of permits.


    (a) A permit may be transferred by the permittee to a new owner or 
operator only if the permit has been modified or revoked and reissued 
(under Sec. 270.40(b) or Sec. 270.41(b)(2)) to identify the new 
permittee and incorporate such other requirements as may be necessary 
under the appropriate Act.
    (b) Changes in the ownership or operational control of a facility 
may be made as a Class 1 modification with prior written approval of the 
Director in accordance with Sec. 270.42. The new owner or operator must 
submit a revised permit application no later than 90 days prior to the 
scheduled change. A written agreement containing a specific date for 
transfer of permit responsibility between the current and new permittees 
must also be submitted to the Director. When a transfer of ownership or 
operational control occurs, the old owner or operator shall comply with 
the requirements of 40 CFR part 264, subpart H (Financial Requirements) 
until the new owner or operator has demonstrated that he or she is 
complying with the requirements of that subpart. The new owner or 
operator must demonstrate compliance with subpart H requirements within 
six months of the date of the change of ownership or operational control 
of the facility. Upon demonstration to the Director by the new owner or 
operator of compliance with subpart H, the Director shall notify the old 
owner or operator that he or she no longer needs to comply with subpart 
H as of the date of demonstration.

[53 FR 37935, Sept. 28, 1988]