Solid waste financial assurance

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

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.

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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