Solid waste financial assurance

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Existing facilities

You must update your financial assurance yearly by multiplying your current amount of financial assurance by the inflation factor listed below.

 

Year: inflation factor

• 2024: 1.036
• 2023: 1.070
• 2022: 1.042
• 2021: 1.012
• 2020: 1.018

New facilities

Once your closure and post-closure cost estimates are approved by us, you must have financial assurance in place before beginning operations. Forms for each financial assurance option are below.

Financial assurance guidance

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Approved forms

Trust fund

• Trust agreement approved language.

Letter of credit

• Letter of credit approved language.

Surety bond and performance bond

• Surety bond approved language.
• Performance bond approved language.

Insurance

• Insurance guidance.
• ACORD Form approved language.

Collateral Assignment of Certificate of Deposit

• Collateral assignment guidance.
• Collateral assignment approved language.

Cash deposit holding account

• Cash deposit holding account approved language.

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Third-party cleanup estimates

The owner or operator of a solid waste disposal site or facility is required to maintain a detailed written estimate of the cost of hiring a third party to close and conduct post-closure care at their facility.

 

Estimating Closure and Post-closure Costs (Excel spreadsheet. Please download from the view screen.)

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