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SB24-123

Waste Tire Management Enterprise

Concerning the creation of an enterprise that is exempt from the requirements of section 20 of article X of the state constitution to administer a fee-based waste tire management program, and, in connection therewith, making an appropriation.
Session:
2024 Regular Session
Subjects:
Business & Economic Development
Fiscal Policy & Taxes
Natural Resources & Environment
State Government
Bill Summary

The bill creates the waste tire management enterprise (enterprise). Under current law, when a consumer buys new tires, the retailer charges the consumer a waste tire fee (fee) that is then collected by the department of public health and environment (department) and distributed into 2 separate cash funds:

  • The waste tire administration, enforcement, market development, and cleanup fund; and
  • The end users fund.

The department uses the money in the waste tire administration, enforcement, market development, and cleanup fund for various purposes related to waste tire recycling and management. The department uses the money in the end users fund to issue rebates to end users of waste tires.

The bill shifts the following responsibilities from the department to the enterprise:

  • Collecting the fee;
  • Managing the waste tire administration, enforcement, market development, and cleanup fund and the end users fund;
  • Issuing rebates to end users; and
  • In conjunction with the solid and hazardous waste commission, overseeing the activities of waste tire haulers, waste tire generators, waste tire collection facilities, waste tire processors, mobile processors, waste tire monofills, end users, and used tire management.

The bill extends the amount of time that the fee may be collected, from December 31, 2025, until December 31, 2040.

The enterprise is operated by a board of directors appointed by the executive director of the department. The enterprise's primary duties and functions are to:

  • Collect the fee;
  • Promote waste tire recycling and management strategies for Colorado;
  • Issue revenue bonds;
  • Publish waste tire recycling and management strategies online; and
  • Engage the services of contractors, consultants, or legal counsel to provide professional and technical assistance related to the conduct of the enterprise.

Because the enterprise is a government-owned business, the revenue generated by the enterprise is not subject to section 20 of article X of the state constitution.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. C. Hansen, Sen. K. Priola
Rep. M. Froelich, Rep. T. Mauro

Sponsor

Co-sponsor

Upcoming Schedule

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