Closure / Post-Closure Bond
What is a Closure / Post-Closure Bond?
A Closure / Post-Closure Bond is a type of License & Permit bond that ensures that facility operators, such as landfill, hazardous waste, or industrial site operators, properly close their facilities and maintain them after closure in accordance with federal, state, or local regulations.
Protects the environment and public safety by ensuring proper closure and post-closure maintenance of facilities, preventing potential harm from contamination or other hazards.
Required by federal, state, or local governments to ensure responsible management and compliance with closure and post-closure requirements by facility operators.
Applicant’s personal or business information, credit history, bond amount (determined by the government agency or requirements of the closure/post-closure plan), and facility details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
