Financial Assurance for Solid Waste Management Facilities
Solid Waste Management Facilities Requiring Financial Assurance
As of July 1, 2020, the requirements in 15A NCAC 13B regarding financial assurance have been amended and moved to a new Section .1800. Under Section .1800, the solid waste management facilities that are required to establish financial assurance include, but are not limited to, the following:
- Compost Facilities (large Type III; small and large Type IV)
- Construction and Demolition Landfills that accepted waste after June 30, 2008
- Incinerators
- Industrial Solid Waste Landfills
- Medical Facilities
- Mixed Waste Processors
- Municipal Solid Waste Landfills that accepted waste after October 9, 1993
- Private Scrap Tire Collection Sites
- Private Transfer Stations
- Tire Monofills - landfills for the exclusive disposal of scrap tires
- Treatment and Processing Facilities
.1800 Rule Mechanisms for Private Companies
.1800 Rule Mechanisms for Local Governments and Municipalities
Annual Inflation Multiplier
- Effective January 1, 2020, the inflation factor price deflator/multiplier = 1.017
- Effective April 1, 2019, the inflation factor price deflator/multiplier = 1.022 *
- Effective January 1, 2018, the inflation factor price deflator/multiplier = 1.018
- Effective January 1, 2017, the inflation factor price deflator/multiplier = 1.013
- Effective January 1, 2016, the inflation factor price deflator/multiplier = 1.010
- Effective January 1, 2015, the inflation factor price deflator/multiplier = 1.014
- Effective January 1, 2014, the inflation factor price deflator/multiplier = 1.015
Financial Assurance Mechanisms must contain, when applicable, inflation-adjusted cost estimates for closure, post-closure care, corrective action, and potential assessment and corrective action (PACA), or a new cost estimate. If an inflation-adjusted cost estimate is to be used, it must be based on U.S. Department of Commerce, Bureau of Economic Analysis Gross Domestic Product implicit price deflator.
(*) Due to the federal shutdown, the annual factor for January 1, 2019 was not released until April 1, 2019. Facilities that had adjustment deadlines between January 2019 and March 2019 are required to use the inflation factor price deflator/multiplier of 1.018.
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