Solid Waste Management
The permitting staff of the Solid Waste Program assist applicants in determining whether financial assurance is required for their facilities and in what amount. The total required depends on many site-specific factors but is generally based on an estimate of the amount necessary to completely or partially close the facility at any point during its intended operating life and to provide for proper care of the site after final closure is completed. After the required amount is determined, the staff of the Division of Financial Assurance & Business Process Improvement work with permittees to ensure that they select a financial assurance mechanism that meets state requirements.
The following financial assurance mechanisms are allowed by the Division of Solid Waste. Please click on the links below for the language required by the division. The financial institution/surety should use the language in the files to issue an original instrument on the institution's letterhead or in its standard instrument format.
Letter of Credit
- Irrevocable Standby Letter of Credit
- Irrevocable Standby Letter of Credit - Solid Waste/Corrective Action
- Guidance Document for Use of Letters of Credit
Surety Bond
- Performance Bond
- Surety Bond for Combination Solid Waste and Corrective Action
- Guidance Document for Use of Surety Bonds
Financial Test/Corporate Guarantee
- Financial Test - Solid Waste - Closure/Post-Closure
- Financial Test - Combined Hazardous and Solid Waste - Closure/Post Closure
- Financial Test - Combined Solid Waste/Remediation
- Financial Test - Combined Hazardous and Solid Waste - Liability Coverage - Closure/Post-Closure
- Corporate Guarantee for Closure/Post-Closure Care - Solid Waste
- Corporate Guarantee for Closure/Post-Closure Care - Combined Hazardous and Solid Waste
- Guidance Document for Use of Financial Test
Insurance Policy
- Certificate of Insurance for Closure/Post-Closure
- Insurance Policy - Recommended Wording - Closure/Post-Closure
- Guidance Document for Use of Closure/Post-Closure Insurance Policies
Personal Bond
- Personal Bond Supported by Cash
- Personal Bond Supported by Securities
- Certificate of Deposit Guidelines
Trust Agreement
City and County Contracts
- Contract in Lieu of Performance Bond (City and County)
- Contract in Lieu of Performance Bond (City)
- Contract in Lieu of Performance Bond (County)
- Contract in Lieu of Performance Bond (Dual County)
- Amendment of Contract in Lieu of Performance Bond
Note: The instrument language is provided here as a convenience. Please consult with your legal counsel and the TDEC Division of Financial Assurance & Business Process Improvement before submitting a financial instrument.