HB0152

Official summary

Summary for LSO115 Bill No.: HB0152 Effective : 7/1/2015 LSO No.: 15LSO-0338 Enrolled Act No.: HEA 71 Chapter No.: 107 Prime Sponsor: Madden Catch Title: Industrial siting impact payments. Subject: Revision of industrial siting impact payments. Summary/Major Elements: Existing law provided for calculation of impact assistance payments from industrial facility construction for counties, cities and towns. This bill revises how impact assistance payments are calculated by requiring a public hearing with evidence presented by the person constructing the industrial facility and the counties affected by the construction of the mitigated and unmitigated impacts to the counties, cities and towns affected by the construction. The bill requires the I ndustrial S iting C ouncil to determine the dollar amount of the unmitigated impacts and determine a payment amount which will be distributed by the D epartment of R evenue pursuant to the time schedule determined by the I ndustrial S iting C ouncil. The bill limits the amount of the payment to not more than 2.76% of the total material costs of the facility. 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.