HB 5352 Summary

• Removes the cost cap language from stewardship organization financing requirements, allowing them to cover all necessary program costs without a specified upper limit.

• Reduces the Commissioner of Energy and Environmental Protection's administrative fee assessment from 10% to 5% of total tire stewardship program costs.

• Extends the implementation timeline from 120 days to 180 days after plan approval for tire stewardship organizations to launch their programs.

• Adds a new requirement that collectors and processors must be qualified and in substantial compliance with laws and regulations of states where they operate, including financial assurance and closure plan requirements.

• Allows the Commissioner to either approve plans with conditions or modify unacceptable plans to meet requirements if organizations fail to submit acceptable plans after two resubmission attempts.