Financial Assurance

Financial assurance is intended to ensure that resources are available to pay for the cost of closure, post-closure care, and corrective measures if the owner or operator of a regulated facility is unable or unwilling to pay. The requirement for using standardized wording for the financial assurance instruments ensures that the State will be able to draw on the funds the instruments provide to pay for the cost of closing a facility properly and in a timely manner.  In addition, the cost to the owner/operator of maintaining financial assurance should provide an incentive for good operating practices, because of the potential loss of collateral to the owner/operator if the instrument is drawn on.

The owners/operators of the following facilities types of facilities would need financial assurance:

Inflation Factor by Operating Year

The inflation factor to be used for operating year 2019 is 2.2%
The inflation factor to be used for operating year 2018 is 1.8%  
The inflation factor to be used for operating year 2017 is 1.3%
The inflation factor to be used for operating year 2016 is 1.0%
The inflation factor to be used for operating year 2015 is 1.4%  
The inflation factor to be used for operating year 2014 is 1.4% 
The inflation factor to be used for operating year 2013 is 1.7%
The inflation factor to be used for operating year 2012 is 2.1%
The inflation factor to be used for operating year 2011 is 0.9%
The inflation factor to be used for operating year 2010 is 1.18%
The inflation factor to be used for operating year 2009 is 2.1%
The inflation factor to be used for operating year 2008 is 2.66%
The inflation factor to be used for operating year 2007 is 2.9%
The inflation factor to be used for operating year 2006 is 2.7%
The inflation factor to be used for operating year 2005 is 2.1%

 

Construction & Demolition Debris (C&DD) Financial Assurance

 

Phone: (614) 644-2621

Fax: (614) 728-5315

 Email Webmaster

Physical address:
Ohio EPA - DMWM
Lazarus Government Center
50 W. Town St., Suite 700
Columbus, Ohio 43215

Mailing address:
Ohio EPA - DMWM
Lazarus Government Center
50 W. Town St., Suite 700
P.O. Box 1049
Columbus, Ohio 43216-1049 
Enforcement and Regulatory Support 
McCoy, Bruce Manager (614) 728-5345

 

Smith, Kelly

Environmental Specialist 2, Financial Assurance

(614) 728-5351
     

DMWM Site Links

 
 800-282-9378

Inflation Factor by Operating Year

The inflation factor to be used for operating year 2019 is 2.2%
The inflation factor to be used for operating year 2018 is 1.8%  
The inflation factor to be used for operating year 2017 is 1.3%
The inflation factor to be used for operating year 2016 is 1.0%
The inflation factor to be used for operating year 2015 is 1.4%  
The inflation factor to be used for operating year 2014 is 1.4% 
The inflation factor to be used for operating year 2013 is 1.7%
The inflation factor to be used for operating year 2012 is 2.1%
The inflation factor to be used for operating year 2011 is 0.9%
The inflation factor to be used for operating year 2010 is 1.18%
The inflation factor to be used for operating year 2009 is 2.1%
The inflation factor to be used for operating year 2008 is 2.66%
The inflation factor to be used for operating year 2007 is 2.9%
The inflation factor to be used for operating year 2006 is 2.7%
The inflation factor to be used for operating year 2005 is 2.1%

 

Construction & Demolition Debris (C&DD) Financial Assurance