IN HB1404

After December 31, 2014, construction or expansion of concentrated animal feeding operations (CAFOs) requires prior approval from the Indiana Department of Environmental Management

Applicants for confined feeding operation or CAFO permits must prove financial ability to cover closure costs, postclosure monitoring and maintenance, spill response, and third-party compensation for bodily injury and property damage from accidental or intentional releases

Acceptable forms of financial assurance include performance bonds, certificates of deposit, letters of credit, insurance policies, trust funds, self-insurance financial tests, or corporate guarantees

The Environmental Rules Board must adopt rules by January 1, 2015, establishing graduated financial assurance amounts based on animal capacity, with larger operations required to demonstrate greater financial ability

Existing operations that received approval before January 1, 2015, must submit proof of financial ability to the department by July 1, 2015