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1999 SESSION

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HJ 585 Study; landfill financial assurance mechanisms.

Introduced by: James H. Dillard II | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Landfill financial assurance mechanisms. Creates a joint legislative study committee to evaluate the reliability of each of the various mechanisms that owners or operators of solid waste management facilities may use in Virginia to demonstrate financial assurance for the costs of closure, post-closure care and corrective action. Particular attention is to be given to the use of "self-assurance" mechanisms, including insurance coverage provided by captive insurance companies, and to financial tests and corporate guarantees. The joint legislative study committee is to make recommendations and provide options for regulatory or legislative actions that would improve the reliability of financial assurance mechanisms.


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