Vermont § 6611 - Financial responsibility

§ 6611. Financial responsibility

• (a) Any person who operates a facility approved under this chapter shall provide evidence
  of an escrow account or other form of financial responsibility in such form and amount
  as the Secretary may determine to ensure that, upon abandonment, cessation, or interruption
  of the operation of the facility, adequate funds are available to undertake all appropriate
  measures to prevent present and future damage to the public health and safety and
  to the environment. Any such financial plan shall include provisions for the equitable
  distribution of any excess in the escrow account or other financial security to communities
  whose residents made substantial payments into the escrow account or for that security. (b) A solid waste management district, by contract, may require that a facility owner
  or operator that serves the district, establish an escrow account in a reasonable
  amount in order to provide funds for timely compliance with the provisions of this
  chapter. Expenditures from the escrow account shall be for those capital improvements
  required to be made by the owner by the certification, interim certification, or order
  issued or otherwise required in accordance with this chapter. (c) A facility owner or operator, upon an initial showing of financial responsibility,
  shall report to the Secretary with respect to funds set aside by that date for those
  purposes. (Added 1977, No. 106, § 1; amended 1987, No. 78, § 14; 1987, No. 246 (Adj. Sess.), § 5a, eff. June 13, 1988; 1989, No. 61, § 2, eff. May 22, 1989; 2019, No. 131 (Adj. Sess.), § 32.)