Financial Assurance and Full-Cost Disclosure

Financial Assurance for Solid Waste Facilities

The S.C. Solid Waste Policy and Management Act of 1991 (Act) requires that all permitted landfills, processing facilities, transfer stations, incinerators, composting facilities, and tire processors have a financial assurance mechanism in place to assure that money is available for clean-up of the facility at the time of closure and to cover any post-closure care that may be required. Financial assurance is also supposed to be provided for any corrective action at landfills where groundwater contamination has been detected. Types of financial assurance mechanisms approvable by DHEC include Letters of Credit, Trust Fund Agreements, Financial Guarantee Bonds, Insurance Policies, Certificates of Deposit, Local Government Financial Tests and Local Government Guarantees. For more information click here.

Full-Cost Disclosure

NEW! Full Cost is due October 15, 2008 for the most recently completed fiscal year. 

The Act requires that any local governments that provide solid waste management services publish annually, on or before October 1, a notice in a newspaper of general circulation, the full cost of its solid waste management services for the most recently completed fiscal year. In addition, the Act and Full Cost Disclosure Regulation 61-107.2 require that each local government submit annual Full Cost Disclosure information to the Department on or before October 15.

All municipalities and counties are required to provide full cost information. Counties may submit their information either through the Web-based reporting system Re-TRAC or by completing an on-line form (click here to download). Municipalities only have access to the on-line form (click here to download). Once the municipality (or in some cases, county) has completed the on-line form, e-mail it to Stefanie Vandiver.  If you have any questions, please contact her at 803-896-4229.

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For more information about recycling in South Carolina, please call 1-800-768-7348.

This Web page was last updated on July 15, 2008.