ME LD2227

Aligns Maine's financial assurance requirements for solid waste disposal facilities and chemical plastic processing facilities with federal EPA regulations under 40 CFR Part 258, Subpart G

Replaces previous state-specific financial assurance options (escrow accounts, reserve accounts, irrevocable trust accounts) with federally-recognized mechanisms including trust funds, insurance policies, corporate financial tests, and local government guarantees

Eliminates the "substitute requirements" provision that allowed facilities to use credit ratings or financial ratios in lieu of standard financial assurance mechanisms

Requires annual sworn reports on the year-end balance or value of any form of financial assurance (expanded from previous requirement covering only escrow, trust, or reserve accounts) due by March 31st

Facilities must demonstrate financial ability to cover corrective action costs for known releases and closure/postclosure care costs for at least 30 years after closure