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RCRA Permit - Forwa Landfill May 1991 EPA I.D. CAD 990 794 133 Modification 0 5. Financial responsibility (a) Cost Estimate for facility post-closure. (1) As required in 40 CFR 264.142 and 264.144, the owner or operator shall have a written estimate of the cost of post-closure ac- tivities for the facility in accordance with the "Post-Closure Monitoring Plan. " (2) The owner or operator shall prepare a new post-closure cost estimate whenever a change in the post-closure plan affects the cost .of post-closure. (3) On each anniversary of the effective date of this permit, the owner or operator shall ad- just the latest post-closure cost estimate using an inflation factor derived from the annual Implicit Price Deflator for Gross Na- tional Product as published by the U.S. Agency of Commerce in its SURVEY OF CURRENT BUSINESS. The inflation factor shall be cal- culated by dividing the latest published an- nual Deflator for the previous year. The result is the inflation factor. The adjusted post-closure cost estimate shall equal the latest post-closure cost estimate times the inflation factor. (4) The adjusted post-closure cost estimate shall be submitted to the Agency as part of the an- nual report (see permit condition VII.3) . (b) Financial assurance for facility closure and post-closure care. (1) Financial Assurance The owner or operator shall demonstrate to the Agency continuous compliance with ap- plicable sections of 40 GFR 264. 145, by providing documentation of financial as- surance in at least the amount of the cost estimates required by item 5(a) . (2) Liability The owner or operator shall demonstrate to the Agency continuous compliance with 40 CFR 264. 147 by providing documentation of liability coverage in the required amounts. 14