NC H209

Authorizes use of corporate financial tests as an allowable mechanism to establish financial assurance for closure, post-closure maintenance, monitoring, and corrective action at solid waste management facilities.

Decreases minimum financial assurance requirement for sanitary landfills from $3,000,000 to $2,000,000 to cover costs for potential assessment and corrective action.

Allows sanitary landfills permitted on or before August 1, 2009 to establish financial assurance through a trust fund with equal annual payments over a period not to exceed five years.

Clarifies that financial assurance mechanisms must align with requirements in 40 Code of Federal Regulations Section 258.74 (July 1, 2010 Edition).

Establishes trust fund requirements including regulated trustee, trust agreement documentation, equal annual installments, and formal certification of acknowledgement.