Calif. Proposes Tougher Rules For Toxic-Site Owners

Law360, New York (April 9, 2009, 12:00 AM EDT) -- California's toxic substances regulator on Thursday proposed changing the rules governing its care of closed toxic sites, seeking to implement a stricter financial test for site owners, to clarify the length of time they must provide economic assistance for site operations and to amend their insurance requirements.

The amendments the California Department of Toxic Substances Control proposed would require owners funding the maintenance of hazardous waste facilities to demonstrate their financial health with minimum corporate credit ratings, the creation of trust funds, and tangible net worths...
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