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The Director of an approved State may allow discounting of closure cost estimates in §258.71(a) , post-closure cost estimates in §258.72(a) , and/or corrective action costs in §258.73(a) up to the rate of return for essentially risk free investments, net of inflation, under the following conditions:
(a) The State Director determines that cost estimates are complete and accurate and the owner or operator has submitted a statement from a Registered Professional Engineer so stating;
(b) The State finds the facility in compliance with applicable and appropriate permit conditions;
(c) The State Director determines that the closure date is certain and the owner or operator certifies that there are no foreseeable factors that will change the estimate of site life; and
(d) Discounted cost estimates must be adjusted annually to reflect inflation and years of remaining life.