Financial Assurance for Non-Hazardous Waste Facilities

Financial assurance is intended to ensure that resources are available to pay for the cost of closure, post-closure care, and corrective measures if the owner or operator of a regulated facility is unable or unwilling to pay. The requirement for using standardized wording for the financial assurance instruments ensures that the State will be able to draw on the funds the instruments provide to pay for the cost of closing a facility properly and in a timely manner.  In addition, the cost to the owner/operator of maintaining financial assurance should provide an incentive for good operating practices, because of the potential loss of collateral to the owner/operator if the instrument is drawn on.

The owners/operators of the following facilities types of facilities would need financial assurance:


The inflation factor to be used for operating year 2014 is 1.4% 

The inflation factor to be used for operating year 2013 is 1.7%

The inflation factor to be used for operating year 2012 is 2.1%

The inflation factor to be used for operating year 2011 is 0.9%

The inflation factor to be used for operating year 2010 is 1.18%

The inflation factor to be used for operating year 2009 is 2.1%

The inflation factor to be used for operating year 2008 is 2.66%

The inflation factor to be used for operating year 2007 is 2.9%

The inflation factor to be used for operating year 2006 is 2.7%

The inflation factor to be used for operating year 2005 is 2.1%

Facility Type Amount Required When to Execute When to Fund When to Update

Composting Facility
Class I

Third party estimate for closure only

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

Composting Facility
Class II

Third party estimate for closure only

Prior to issuance of registration

No later than 90 days after submittal of registration application

On anniversary date of funding

Composting Facility
Class III

N/A

N/A

N/A

N/A

Composting Facility
Class IV

N/A

N/A

N/A

N/A

Construction & Demolition Debris Landfill

$13k/acre of active licensed disposal area + $2,175/monitoring well

Prior to submission of license application

No later than 30 days after issuance of license

On anniversary date of funding

Incinerators

Third party estimate for closure only

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

Industrial Solid Waste Facility

Third party estimate for closure & 30 years of post-closure care

Prior to waste receipt

Prior to waste receipt

On anniversary date of funding

Municipal Solid Waste Landfill Facility

Third party estimate for closure & 30 years of post-closure care

Prior to waste receipt

Prior to waste receipt

On anniversary date of funding

Residual Solid Waste Facility  Class I

Third party estimate for closure & 30 years of post-closure care

Prior to issuance of final permit

No later than 30 days after final permit issuance for existing facility or prior to waste receipt for new facilities

On anniversary date of funding

Residual Solid Waste Facility Class II

Third party estimate for closure & 20 years of post-closure care

Prior to issuance of final permit

No later than 30 days after final permit issuance for existing facility or prior to waste receipt for new facilities

On anniversary date of funding

Residual Solid Waste Facility Class III

Third party estimate for closure & 15 years of post-closure care

Prior to issuance of final permit

No later than 30 days after final permit issuance for existing facility or prior to waste receipt for new facilities

On anniversary date of funding

Residual Solid Waste Facility Class IV

Third party estimate for closure & 5 years of post-closure care

Prior to issuance of final permit

No later than 30 days after final permit issuance for existing facility or prior to waste receipt for new facilities

On anniversary date of funding

Scrap Tire Collection Facility

N/A

N/A

N/A

N/A

Scrap Tire Mobile Recovery Facility

$50,000.00

Prior to issuance of registration

Prior to waste receipt

On anniversary date of funding

Scrap Tire Monofill

Third party estimate for closure & 15 years of post-closure care

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

Scrap Tire Recovery Facility Class I

$1/Passenger Tire Equivalent (20 lbs)

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

Scrap Tire Recovery Facility Class II

$1/Passenger Tire Equivalent (20 lbs)

Prior to issuance of registration

Prior to waste receipt

On anniversary date of funding

Scrap Tire Storage Facility - Class I

$1/Passenger Tire Equivalent (20 lbs)

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

Scrap Tire Storage Facility - Class II

$1/Passenger Tire Equivalent (20 lbs)

Prior to issuance of registration

Prior to waste receipt

On anniversary date of funding

Scrap Tire Transporter

$20,000.00

Prior to issuance of registration

Prior to transportation of tires

On anniversary date of funding

Transfer Facility

Third party estimate for closure only

Prior to issuance of final permit

Prior to waste receipt

On anniversary date of funding

     

Carroll, Jeremy

Manager

(614) 644-2830

Engineering, Remediation and Authorizations

Livchak, Connie

Supervisor, Financial Assurance & Remediation

(614) 644-2966

Haritos, Fanny

Solid waste financial assurance

(614) 728-5343