Department of Environmental Quality. Division of Waste Management and Radiation Control

Financial assurance documents are submitted to and created by the agency to ensure a facility has the financial means to properly perform closure and post closure activities on hazardous waste, solid waste, and used oil facilities should the facility cease operations. Records include letters of credit, bank statements, trust agreements, insurance policies, and certificates of liability insurance. Records also include copies of trust fund agreements and record of deposits to the trust funds, copies of letters of credit, corporate financial statements, corporate annual reports, corporate financial status updates, and copies of insurance certificates. Records also include the name and address of the hazardous site waste owner and the location of the site, the amount of funds put into escrow and deposits to those fund, the names and addresses of the financial institutions holding the letters of credit or trust fund accounts, the names and addresses of insurance companies holding policies and the terms and amounts of those policies, and the hazardous waste site owner/operator's latest financial status.

These records are files by hazardous waste site owners or operators to show they would have sufficient funds to clean up their sites should they cease operations. They include copies of trust fund agreements and record of deposits to the trust funds, copies of letters of credit, corporate financial statements, corporate annual reports, corporate financial status updates, and copies of insurance certificates. The information in them includes the name and address of the hazardous site waste owner and the location of the site, the amount of funds put into escrow and and deposits to those fund, the names and addresses of the financial institutions holding the letters of credit or trust fund accounts, the names and addresses of insurance companies holding policies and the terms and amounts of those policies, and the hazardous waste site owner/operator's latest financial status.