Commissioners press on decommissioning bonds and salvage-value treatment under Virginia code
Commissioners raised concerns that some decommissioning agreements allow salvage value to offset surety, potentially leaving the county exposed; staff cited state code language and said the commission can request surety conditions in recommendations to the Board.
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A commissioner asked whether decommissioning language leaves the county exposed if salvage value is counted against posted financial assurance. Staff and an agency official answered that Virginia code allows net salvage value to be included in professional decommissioning estimates and described methods counties commonly use to manage that risk.
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