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Industry urges MassDEP to revisit costly financial‑assurance rules for engineered barriers
Summary
Consultants and advisory members told MassDEP the draft financial‑assurance mechanism (FAM) guidance makes common, low‑maintenance engineered barriers economically burdensome by excluding self‑insurance or parent guarantees used in other states. MassDEP said regulatory change may be needed and asked for written examples from other jurisdictions.
Assistant Commissioner Millie Garcia Serrano opened MassDEP’s quarterly Waste Site Cleanup Advisory Committee meeting and turned to a suite of guidance under development, including a draft financial‑assurance mechanism (FAM) guidance for sites using engineered barriers.
During the discussion, advisory member Steve Sharon pressed MassDEP on whether the guidance unnecessarily rules out industry‑standard instruments such as self‑insurance and parent guarantees. Sharon said he has worked in multiple states where remediation‑based or permit‑linked…
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