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OK HB3102

Bill

Official Source

Status

Passed

5/13/2014

Primary Sponsor

Michael Jackson

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Removes the 10% cap on capital investment reimbursement for used tire facilities and TDF facilities purchasing equipment to utilize used tires, moving this allocation from a primary distribution to after other fund allocations are made
  • Maintains reimbursement rate of $20.00 per ton of used tires for equipment purchases made on or after January 1, 1995, with total reimbursement not exceeding 100% of capital investment
  • Authorizes remaining Used Tire Recycling Indemnity Fund monies to be used for projects that increase market demand for products made from Oklahoma used tires
  • Requires the Solid Waste Management Advisory Council to recommend and Environmental Quality Board to adopt rules governing qualifying market development projects, with preference for projects benefiting schools, communities, and local governments
  • Effective date: November 1, 2014

Legislative Description

Environment and natural resources; relating to the Oklahoma Used Tire Recycling Act; deleting limit for certain allocations; effective date.

General Legislation

Last Action

Approved by Governor 05/13/2014

5/13/2014

Committee Referrals

Energy3/13/2014
Judiciary2/4/2014

Full Bill Text

No bill text available