Action:
Amendment for Local Government Financial Test
General Information
| Action Summary |
This regulatory action will amend the Financial Assurance Regulations for Solid Waste Disposal, Transfer, and Treatment Facilities under 9VAC20-70. Currently, local governments may use the financial test to assure the closure, post-closure care, and corrective action costs for their solid waste management facilities if those costs are less than 43% of their total annual revenue; however, the regulations currently require submittal of an additional mechanism to cover any amount over 20%. This requirement for an additional mechanism is more stringent than the federal requirement which allows use of the financial test of up to 43% of total annual revenue. Since the amendment for the additional mechanism in 2001, only a few localities were required to meet this additional requirement and it was considered burdensome. This amendment will allow local governments to use the financial tests to assure environmental costs for solid waste management facilities up to 43% of the total annual revenue. |
| Chapters Affected |
Only affects this chapter.
|
| Executive Branch Review |
This action will go through the normal Executive Branch Review process.
|
| RIS Project |
Yes [003445] |
| New Periodic Review |
This action will not be used to conduct a new periodic review.
|
Stages
Stages associated with this regulatory action.
| Stage ID |
Stage Type |
Status |
|
6437
|
Fast-Track
|
Stage complete. This regulation became effective on 08/01/2013. |
Contact Information
|
Name / Title:
|
Debra A. Harris
|
|
Address:
|
Department of Environmental Quality
P.O. Box 1105
Richmond, VA 23218
|
|
Email Address:
|
Debra.Harris@deq.virginia.gov
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|
Phone:
|
(804)698-4206
FAX: (804)698-4346
TDD: (804)698-4021
|
