Plain English Breakdown
The exact amount of market development payment has not been specified in the provided official text.
Recycling: Helping Glass Waste Be Used Again
This law gives money to companies that buy recycled glass and turn it into new products instead of sending it to a landfill.
What This Bill Does
- Creates payments for glass beverage container manufacturers who use recycled glass collected in California to make new beverage containers.
- Gives $60 million each year until January 1, 2028, from the Recycling Fund to help glass bottle makers buy more recycled glass in California.
- Allows up to $5 million a year until January 1, 2030, for payments that encourage the use of waste glass not suitable for making new bottles or fiberglass insulation.
- Provides up to $1 million each year until January 1, 2030, to help move waste glass from one place to another.
Who It Names or Affects
- Glass bottle manufacturers who buy recycled glass in California.
- Companies that make products out of waste glass not suitable for making new bottles or fiberglass insulation.
- Transportation companies that move waste glass from one place to another.
Terms To Know
- Recycling Fund
- A special money pot used by the state to pay refunds and fees related to recycling empty beverage containers.
- By-product
- Something made during a process, but not the main product. In this case, it's glass waste that can't be turned into new bottles or fiberglass insulation.
Limits and Unknowns
- The bill only applies to waste glass collected in California.
- It is unclear how much money will actually be available for payments after January 1, 2030.
- The exact amount of the market development payment has not been specified.