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Waste Management
Solid Waste Section
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Financial Assurance for Solid Waste Management Facilities*** Financial Assurance Memo October 12, 2010 *** The Financial Assurance Program is based on the Financial Assurance Rule .1628 which requires owners/operators of municipal solid waste landfills (MSWLFs), operating after April 9, 1994, to demonstrate that the owner/operator will have the funds necessary to properly close, provide 30 years of post-closure maintenance, and fund any corrective action costs for the permitted landfill. The rules describe seven different "mechanisms" that owners/operators of MSWLFs can use to demonstrate financial assurance. The seven mechanisms are as follows:
Municipal Solid Waste Landfill (MSWLF) .1600 Rule Mechanisms:
Mechanisms for all other Solid Waste Management Facilities:
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Effective January 1, 2012, the INFLATION FACTOR is 2.1%DEFLATOR/MULTIPLIER = 1.021(For local government fiscal year July 1, 2011-June 30, 2012)
-------------------------------------------------- Effective January 1, 2011, the INFLATION FACTOR was 1.0%DEFLATOR/MULTIPLIER = 1.01(For local government fiscal year July 1, 2010-June 30, 2011)-------------------------------------------------- * For local government fiscal year July 1, 2009-June 30, 2010 the INFLATION FACTOR was 1.2% (DEFLATOR/MULTIPLIER = 1.012)
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