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New Hampshire Department of Environmental Services
PUBLIC GOVERNMENT BUSINESS A to Z LIST

Financial Assurance Mechanisms

Financial Assurance for the closure and post-closure of a permitted solid waste facility can be met by using one or a combination of the mechanisms listed in Env-Sw 1403.03. Per Title 40 of the Code of Federal Regulations (40 CFR 264.151) and the NH Solid Waste Rules, DES is required to use specific wording for some of the mechanisms and templates are provided below.

The dollar amount guaranteed by a financial assurance mechanism shall be no less than the estimated total closure costs determined by a facility’s closure cost estimate.

PLEASE NOTE: If using a Surety Bond or Irrevocable Letter of Credit, a Standby Trust AgreementMicrosoft Word Symbolmust be established to receive the funds, if necessary.

All original Financial Assurance documents must be filed with and approved by DES before operational approval is issued.

Municipalities using the state approved local government financial test (LOGO) to satisfy financial assurance requirements for an unlined landfill may now use a one-page document to report information.

 

 

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NH Department of Environmental Services | 29 Hazen Drive | PO Box 95 | Concord, NH 03302-0095
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