Maine § 38 §1310-Y Financial assurance

Maine Statutes

§ 38 §1310-Y — Financial assurance

Maine § 38 §1310-Y

Title 38WATERS AND NAVIGATION

Ch. 13WASTE MANAGEMENT

This text of Maine § 38 §1310-Y (Financial assurance) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 38, § 38 §1310-Y (2026).

Text

An owner or operator of a solid waste processing facility that processes plastic waste through chemical plastic processing that is licensed under section 1310‑N or of a solid waste disposal facility that is licensed under section 1310‑N shall provide the department assurance of its financial ability to satisfy the estimated cost of corrective action for known releases from the facility and its financial capacity to satisfy the estimated cost of closure and postclosure care and maintenance at the facility for a period of at least 30 years after closure. The board may adopt rules that increase or decrease that postclosure care period, as long as those rules are consistent with applicable federal rules. The department may consider the use of more than one acceptable form of financial assuranc

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An owner or operator of a solid waste processing facility that processes plastic waste through chemical plastic processing that is licensed under section 1310‑N or of a solid waste disposal facility that is licensed under section 1310‑N shall provide the department assurance of its financial ability to satisfy the estimated cost of corrective action for known releases from the facility and its financial capacity to satisfy the estimated cost of closure and postclosure care and maintenance at the facility for a period of at least 30 years after closure. The board may adopt rules that increase or decrease that postclosure care period, as long as those rules are consistent with applicable federal rules. The department may consider the use of more than one acceptable form of financial assurance per facility to satisfy the financial assurance requirement of this section. This section applies to all privately owned solid waste disposal facilities licensed by the department, including facilities licensed by the department before June 16, 1993, and to all solid waste processing facilities that process plastic waste through chemical plastic processing. This section does not apply to a municipally owned or operated solid waste disposal facility that accepts exclusively special waste, construction and demolition debris, land-clearing debris or any combination of those types of waste or to a municipally owned or operated solid waste disposal facility licensed before June 16, 1993.
1.
Acceptable forms of financial assurance.
Acceptable forms of financial assurance are:
1-A.
Substitute requirements.
The department may substitute part of the acceptable forms of financial assurance under subsection 1 with one or more of the following requirements:
2.
Report.
An owner or operator of a solid waste processing facility that processes plastic waste through chemical plastic processing or of a solid waste disposal facility shall annually prepare a report containing a sworn statement providing the year-end balance of any escrow, trust or reserve account established under this section. That report must be submitted to the commissioner by March 31st of each year or such other date as the commissioner may designate.