Financial Responsibility Committee

ERRA has formed a new committee to serve as a venue for stake holders in the Proof of Financial Responsibility for Environmental Damages debates and studies that are taking place all over the United States. This affects Underground storage tanks, waste treatment storage and disposal facilities and mine reclamation.

Written in the 80's the current laws have serious flaws that are disliked by site owners/operators and the suppliers of financial responsibility mechanisms a like. More than half of the currently acceptable mechanisms for proof of financial responsibility fail to pass a crash test where the operator and the mechanism for proof of financial responsibility fail in tandem. This is exactly what the concept of proof of financial responsibility was designed to avoid, so even the regulators are frustrated with the current regulations.

The committee is chaired Rick Thomas, JD, a veteran of the surety industry for reclamation bonds. It will have its own section of the ERRA site including a chat room, an ask the expert feature for knowledge sharing and a newsletter for committee members.

The committee is open to ERRA members.

To become a member of ERRA complete our membership registration form, the cost of an annual membership is $225.00. There are two options for completing and returning the form. Special discounts for government employees are available. Contact ERRA at webmaster@erraonline.org or 608-798-2904 to join.