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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
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2023: 1.070
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2022: 1.042
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2021: 1.012
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2020: 1.018
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2019: 1.019
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.
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Approved forms
Trust fund
Letter of credit
Surety bond and performance bond
Insurance
Collateral Assignment of Certificate of Deposit
Cash deposit holding account
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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.)