MN HF4523

Requires waste tire facility permit applicants to demonstrate financial qualification for design, construction, operation, closure, and maintenance by providing audited financial statements and cost estimates.

Allows applicants to show financial qualification through a combination of cash deposits, insurance, and binding loan commitments from AAA-rated financial institutions, or by designating parent companies and affiliates as joint permittees.

Requires permit holders to maintain financial qualification and notify the Minnesota Pollution Control Agency within 30 days of significant changes in business structure, ownership, or assets.

Establishes that financial qualification requirements apply only during the first 10 years of operation for waste tire facilities in the state.

Requires the Pollution Control Agency to update financial assurance rules to require minimum $250 per ton of waste tires in coverage and allow corporate financial tests substantially similar to federal regulations.