Adopted Standing Committee by HMinerals
HB0055
Solid Waste Program Accounting and Credit Rules
In one sentence
This law updates accounting requirements for landfill operators and sets specific limits on credits they can receive for past cleanup work.
What it does
- Requires municipal solid waste facility operators to use generally accepted accounting principles if they are already required to do so by the Uniform Municipal Fiscal Procedures Act.
- Requires local operators of leaking landfills to use generally accepted accounting principles in managing all solid waste facilities under their control or that of a political subdivision.
- Allows the state department to issue a credit to a local operator for remediation and monitoring activities performed after July 1, 2006, but before enrollment in the program.
- Limits the credit to the local operator's 25% share of the total cost of eligible remediation and monitoring activities.
- Limits the credit to 75% of the cost incurred by the local operator for eligible remediation and monitoring activities after July 1, 2006.
- Requires the local operator to conduct additional remediation and monitoring activities on or after July 1, 2013, to qualify for the credit.
Who it affects
- Municipal solid waste facility operators.
- Local operators of leaking municipal solid waste landfills.
- Political subdivisions that control solid waste facilities.
Limits and unknowns
- The accounting requirement applies only if the operator is otherwise required to use these principles by the Uniform Municipal Fiscal Procedures Act.
- The credit is only for activities initiated after July 1, 2006, and before enrollment in the program.
- The source does not specify the exact dollar amounts of the credits, only the percentage limits.
Plain language
Terms to know
- Generally Accepted Accounting Principles
- Standard rules for recording and reporting financial information, including recognizing liabilities.
- Local Operator
- The entity responsible for operating a leaking municipal solid waste landfill.
- Credit
- A financial reimbursement issued by the state department to a local operator for eligible past costs.
Official record
Sources
Read the official summary
Summary for LSO115 Bill No.: HB0055 Effective : 2/25/2015 LSO No.: 15LSO-0077 Enrolled Act No.: HEA 37 Chapter No.: 47 Prime Sponsor: Joint Minerals, Business & Economic Development Interim Committee Catch Title: Solid waste program amendments. Subject: Amends Provisions of the Municipal Solid Waste Remediation Program and the Municipal Solid Waste Cease and Transfer Program. Summary/Major Elements: This Act specifies that to be eligible to participate in the Municipal Solid Waste Remediation and the Municipal Solid Waste Cease and Transfer Program s, an entity need only employ generally accepted accounting principles if otherwise required to do so by the Uniform Municipal Fiscal Procedures Act ( W.S. 16-4-101 through 16-4-125). Provides a credit under the Municipal Solid Waste Remediation Program to a local operator which performed remediation activities after July 1, 2006 , but prior to enrollment in the program. A credit issued to a local operator which performed remediation work shall not exceed: The local operator’s 25% share of the total cost of remediation under the Municipal Solid Waste Remediation Program ; and 75% of the total cost incurred by the local operator for eligible remediation and monitoring activities after July 1, 2006. Comments: Amends major program s : Municipal Solid Waste Remediation Program and M unicipa l Solid Waste Cease and Transfer Program. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Why lawmakers voted
Last checked Aug 7, 4:56 AM
Wyoming roll calls
Recorded votes
5 roll calls
S 3rd Reading:Passed 29-0-1-0-02015-02-20 · Senate29 yes 0 no
- Yes
- 29
- No
- 0
- Absent
- 0
- Excused
- 1
- Conflict
- 0
Yes 29
Excused 1
Appropriations:Recommend Do Pass 3-2-0-0-02015-02-18 · Senate3 yes 2 no
- Yes
- 3
- No
- 2
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Minerals:Recommend Do Pass 5-0-0-0-02015-02-06 · Senate5 yes 0 no
- Yes
- 5
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
H 3rd Reading:Passed 60-0-0-0-02015-01-19 · House60 yes 0 no
- Yes
- 60
- No
- 0
- Absent
- 0
- Excused
- 0
- Conflict
- 0
Yes 60
Minerals:Recommend Amend and Do Pass 9-0-0-0-02015-01-14 · House9 yes 0 no
Official activity
Bill history
- Assigned Chapter NumberLSO
- Governor Signed HEA No. 0037 Governor
- S President Signed HEA No. 0037Senate
- H Speaker Signed HEA No. 0037House
- Assigned Number HEA No. 0037LSO
- S 3rd Reading:Passed 29-0-1-0-0Senate
- S 2nd Reading:PassedSenate
- S COW:PassedSenate
- S Placed on General FileSenate
- Appropriations:Recommend Do Pass 3-2-0-0-0Senate
- S COW:Rerefer to S02 - AppropriationsSenate
- S Placed on General FileSenate
- Minerals:Recommend Do Pass 5-0-0-0-0Senate
- S Introduced and Referred to S09 - MineralsSenate
- S Received for IntroductionSenate
- H 3rd Reading:Passed 60-0-0-0-0House
- H 2nd Reading:PassedHouse
- H COW:PassedHouse
- Amendment AdoptedHouse
- H Placed on General FileHouse
Changes
Amendments
1 stored