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FAILURE PREDICTIONS FOR THE POST-CLOSURE LIABILITY TRUST FUND ANALYSIS
Citation:
Dawson, G., C. English, AND P. Guerrero. FAILURE PREDICTIONS FOR THE POST-CLOSURE LIABILITY TRUST FUND ANALYSIS. U.S. Environmental Protection Agency, Washington, D.C., EPA/600/D-86/198.
Description:
With passage of the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) of 1980, Congress created two funds to assist in the restoration of areas contaminated with hazardous wastes. In addition to the better known 'Superfund' which helps cover the cost of remedial action at abandoned or uncontrolled hazardous waste sites, Congress mandated the Post-Closure Liability Trust Fund (PCLTF). The latter fund is designed to cover the post-closure maintenance, monitoring and remedial action for sites closed under the Resource Conservation and Recovery Act (RCRA) regulations. Congress charged EPA with preparing a report by December of 1984 which would identify required changes in funding base or the ceiling level to assure fund availability. EPA chose to construct that report on the basis of a coupled economic and geohydrologic model. The latter would predict when and how various representative facilities will fail while the former would estimate what the subsequent demands would be on the fund. The paper describes the failure prediction module of the overall model.