{"id":378,"date":"2013-02-23T21:42:01","date_gmt":"2013-02-23T21:42:01","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=378"},"modified":"2017-05-23T23:44:24","modified_gmt":"2017-05-23T23:44:24","slug":"municipal-solid-waste-landfill-surety-bond-requirements","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/municipal-solid-waste-landfill-surety-bond-requirements\/","title":{"rendered":"Municipal Solid Waste Landfill Surety Bond Requirements."},"content":{"rendered":"<p>As per the <a title=\"EPA gov. website\" href=\"http:\/\/www.epa.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Environmental Protections Agency<\/a> all operators of municipal solid waste landfills (MSWLFs) are required to demonstrate that they will be able to pay for the required closure and post-closure care activities, and any corrective action that might become necessary due to releases of contaminants into the surrounding environment. EPA believes that requiring these financial assurance demonstrations ensures proper long term financial planning by operators so that sites will be closed properly and maintained and monitored in a manner that protects human health and the environment. \u00a0There are several allowable financial assurance mechanisms described in the federal regulations, one of the most popular being <strong>closure bonds<\/strong> and <strong>post closure bonds (municipal solid wast landfill surety bond)s<\/strong>. \u00a0Pursuant to\u00a0\u00a7258.74(b), an operator may obtain a payment or <a title=\"Surety One bonds a-z page\" href=\"https:\/\/suretyone.com\/all-bonds\" target=\"_blank\" rel=\"noopener noreferrer\">performance surety bond<\/a> from a surety company that guarantees that the operator will pay for or perform all required closure and post-closure care. For corrective action, an operator may obtain a <a href=\"http:\/\/www.performancebond.com\">performance bond<\/a> only. If the operator fails to meet the requirements specified in the bond, the <a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\" rel=\"noopener noreferrer\">surety company<\/a> assumes liability and must pay for, or perform all, the required activities specified in the <a href=\"https:\/\/suretyone.com\">landfill bond<\/a>. When using a surety bond to demonstrate financial assurance, the operator also must establish a standby trust fund into which the surety company will make payments if the operator fails to fulfill its responsibilities.\u00a0These\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">surety bonds<\/a>\u00a0are onerous, long term, non-cancelable and can represent very large exposures to a surety company.<\/p>\n<p><a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Surety One, Inc.<\/a>, an\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">environmental surety specialist<\/a>\u00a0offers landfill bond capacity for all phases of landfill operation. \u00a0Regardless of your waste disposal class and geographic footprint, we will offer terms.\u00a0Visit us at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for information or application procedures for a <strong>municipal solid waste landfill surety bond<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As per the U.S. Environmental Protections Agency all operators of municipal solid waste landfills (MSWLFs) are required to demonstrate that they will be able to pay for the required closure and post-closure care activities, and any corrective action that might&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/municipal-solid-waste-landfill-surety-bond-requirements\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":2502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[72,2262,70,2264,462,461,463,73,2265,2263,2066,51,2175],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Municipal Solid Waste Landfill Surety Bond<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/municipal-solid-waste-landfill-surety-bond-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Municipal Solid Waste Landfill Surety Bond\" \/>\n<meta property=\"og:description\" content=\"As per the U.S. Environmental Protections Agency all operators of municipal solid waste landfills (MSWLFs) are required to demonstrate that they will be able to pay for the required closure and post-closure care activities, and any corrective action that might... 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