EPA proposed to amend its financial assurance requirements under subtitle C of the Resource Conservation and Recovery Act (RCRA).  First, EPA proposed to revise the financial test criteria for closure and post-closure care. Second, EPA proposed to amend the claims reporting provision and the provisions for obtaining a letter of credit promulgated in the September 1, 1988 Federal Register (FR) (volume 53 of the FR starting on page 33938). Third, EPA proposed to allow a nonparent company to provide a guarantee as a demonstration of financial assurance for closure and post-closure care. Finally, EPA proposed to require the owner or operator of a disposal facility to certify compliance with deed notice requirements after closure of a hazardous waste facility, before being released from closure financial assurance requirements.

• Standards Applicable to Owners and Operators of Hazardous Waste Treatment, Storage, and Disposal Facilities; Financial Responsibility, Federal Register Notice (PDF)(27 pp, 4 MB, July 1, 1991, 56 FR 30201)