What does post-closure mean?
Post-closure means the requirements placed upon disposal facilities after closure to ensure their environmental safety for at least a thirty-year period or until the site becomes stabilized, which means there is little or no settlement, gas production or leachate generation.
What is insurance closure?
A closing protection letter or insured closing letter is a contract between a title insurance underwriter and a lender. The underwriter agrees to indemnify the lender for actual losses caused by certain kinds of misconduct by the closing agent.
What is a post-closure bond?
A closure bond or post-closure bond issued to meet federal requirements must be written by a surety company which appears on the U.S. Treasury’s circular (T-List) of sureties approved for federal obligations. Closure and postclosure activity may begin a decade or more after initial filing of the landfill bond.
What is a closure post-closure bond?
Post-Closure Bonds: Post-Closure Bonds are used to guarantee that the owners of a landfill will monitor and maintain a landfill in accordance with rules, regulations and specifications of the permit/closure plan issued by the obligee.
What is closure and post-closure?
Post-closure, which applies only to land disposal facilities and facilities that cannot decontaminate (or “clean close”) all equipment, structures, and soils, is normally a 30-year period after closure during which owners and operators conduct monitoring and maintenance activities to preserve the integrity of the …
What is post-closure care?
Post-closure care is required for land disposal units that leave waste in place upon closure (i.e., landfills, land treatment units, surface impoundments, or any other hazardous waste management unit that cannot achieve the clean closure standards). M (Land Treatment) …
What is a clean closure?
Clean Closure — in an environmental context, closure is generally defined to be achieved when the governing regulatory agency issues a “No Further Action Letter” or comparable acceptance that the project’s cleanup goals have been achieved.
What is the standard post-closure care period?
The required post-closure care period is 30 years from site closure, but this can be shortened or extended by the director of an approved state program as necessary to ensure protection of human health and the environment.
What is Closure Post-Closure?
What is a site closure?
A site closure is generally used by a company that operates multiple sites or places of business. The number of sites or the size of the geographic area in which the company operates is incidental to the process of closing a site.