Environmental Mitigation-Closure Performance Bond - Definition

All applicants for a Basic Business License for the Solid Waste Facility category must post a Environmental Mitigation-Closure Performance Bond in the amount of one million dollars ($1,000,000) for the duration of the two-year license period. The bond may be issued by an authorized insurance carrier, or the applicant may post a cash bond with the Department of Consumer and Regulatory Affairs.

Learn More: