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OLD DOMINION UNIVERSITY PROCEDURE FOR MANAGEMENT OF PAINTS AND PAINT RELATED MATERIALS General Many of us use paints (including stains) periodically as part of our work here at Old Dominion University. Most paints fall into one of two categories: water-based or oil-based. Water-based formulas are sometimes referred to as latex, vinyl, or acrylic. Oil-based formulas are sometimes referred to as alkyd, polyurethane, or varnish. Paints may be regulated as a "hazardous waste" when disposed, depending on the formulation. This fact sheet provides information about how to correctly manage paints and associated thinners. What's Regulated Oil-based paints (including stains) are regulated due to their flammability and the presence of volatile organic compounds (VOCs) such as xylene and toluene. Water-based paints are generally not regulated since they are nonflammable. However, paints (both water-based and oil-based) and stains that contain certain metallic pigments or fortifiers are regulated a...