🏞️Financial Assurance Guidance for Good Samaritan Remediation Act
Financial Assurance Guidance for the Good Samaritan Remediation of Abandoned Hardrock Mines Act of 2024
Summary
In the Good Samaritan Remediation of Abandoned Hardrock Mines Act of 2024, as part of the permit application, Good Samaritan applicants must provide financial assurance for every project. This document provides guidance in drafting and fulfilling the financial assurance components of Good Samaritan permits. This guidance defines relevant terms, discusses initial and modified cost estimates and financial assurance mechanisms, and describes how financial assurance may be accessed and released by the Environmental Protection Agency (EPA).
Agencies
- Environmental Protection Agency
Business Impact
$$$ - High
The document outlines new financial assurance requirements for business owners applying for Good Samaritan permits to remediate abandoned hardrock mines, indicating compliance and regulatory requirements. Businesses must demonstrate financial capability, impacting insurance and project budgeting strategies.