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Federal Register Notice: Proposed Amendment to Financial Responsibility Standards for Owners and Operators of Hazardous Waste Treatment, Storage and Disposal Facilities

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.

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