HB0010 • 2016

Clean water revolving fund amendments.

AN ACT relating to the state water pollution control revolving loan account; specifying projects authorized to receive loans from the account; providing for the assessment of administrative fees as specified; modifying loan amounts; providing for payments from the corrective action account to the state water pollution control revolving loan account as specified; and providing for an effective date.

Land

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Minerals
Last action: 2016-03-02
Official status: enrolled
Effective date: 7/1/2016

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2016-03-01 LSO
Assigned Chapter Number
2016-03-01 Governor
Governor Signed HEA No. 0001
2016-02-26 Senate
S President Signed HEA No. 0001
2016-02-25 House
H Speaker Signed HEA No. 0001
2016-02-24 LSO
Assigned Number HEA No. 0001
2016-02-24 Senate
S 3rd Reading:Passed 28-0-2-0-0
2016-02-23 Senate
S 2nd Reading:Passed
2016-02-22 Senate
S COW:Passed
2016-02-22 Senate
S Placed on General File
2016-02-22 Senate
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
2016-02-22 Senate
S COW:Rerefer to S02 - Appropriations
2016-02-22 Senate
S Placed on General File
2016-02-22 Senate
S09 - Minerals:Recommend Do Pass 5-0-0-0-0
2016-02-19 Senate
S Introduced and Referred to S09 - Minerals
2016-02-15 House
H 3rd Reading:Passed 58-2-0-0-0
2016-02-12 House
H 2nd Reading:Passed
2016-02-11 House
H COW:Passed
2016-02-11 House
H Placed on General File
2016-02-11 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2016-02-11 House
H COW:Rerefer to H02 - Appropriations
2016-02-10 House
H Placed on General File
2016-02-10 House
H09 - Minerals:Recommend Do Pass 8-0-1-0-0
2016-02-09 House
H Introduced and Referred to H09 - Minerals 59-0-1-0-0
2016-02-05 House
H Received for Introduction
2016-01-06 LSO
Bill Number Assigned

Official Summary Text

Summary for LSO115
Bill No.:
HB0010
Effective
:
7/1/2016

LSO No.:
16LSO-0073

Enrolled Act No.:
HEA0001

Chapter No.:
14

Prime Sponsor:
Joint Minerals, Business & Economic Development Interim Committee

Catch Title:
Clean water revolving fund amendments.

Subject:
State Water Pollution Control Revolving Loan Account

Summary/Major Elements:

This Act expands the types of
projects
that are
authorized to receive loans from the
State Water Pollution Control Revolving Loan Account to include
all
projects
authorized under Title VI of the Federal Water Pollution Control Act
in addition to
wastewater treatment works and nonpoint source pollution control management systems
.

M
odif
ies
the amortization schedule for loans issued from the account to the lesser of
the useful life of the project or thirty years after
completion of the
project.

Allows the State Loan and Investment Board to impose an administrative fee of one percent
(1%)
of the total amount of
loans issued from the account
.

Specifies th
at
principal payments on loans made to the Department of Environmental Quality for solid waste landfill remediation shall be paid from the Corrective Action Account to the State Water Pollution Control Revolving Loan Account.
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
.

Current Bill Text

Read the full stored bill text

ORIGINAL
House
Bill No
.
HB0010

ENROLLED ACT NO. 1,

HOUSE OF REPRESENTATIVES

SIXTY-FOUR LEGISLATURE OF THE STATE OF WYOMING
2016 Budget Session

AN ACT relating to the state water pollution control revolving loan account; specifying projects authorized to receive loans from the account; providing for the assessment of administrative fees as specified; modifying loan amounts; providing for payments from the corrective action account to the state water pollution control revolving loan account as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section
1
.

W.S. 16
‑
1
‑
205
(
a)
(i)
,
by creating a new paragraph (iii)
, (b)
(i)
(C),
(c)
and by creating a
new
subsection (d)
and 16
‑
1
‑
207 are amended to read:

16
‑
1
‑
205
.

Authorized projects; authorized financial assistance.

(a)

The account may be used for financial assistance for the following types of projects:

(i)

Construction of wastewater treatment works as allowed by Title VI;
or

(iii)

Other projects as allowed by Title VI.

(b)

Financial assistance for the projects authorized in subsection (a) of this section may take the forms provided in Title VI including:

(i)

Loans at or below market interest rates or for zero interest. Loans may be awarded only if:

(C)

The loan is fully amortized not later than
twenty (20)

the useful life of the project or thirty (30)
years after project completion
, whichever is less
; and

(c)

Each fiscal year
,
a
n amount of up to four percent (4%) of the capitalization grant
, four hundred thousand dollars ($400,000.00)
or
two
‑
tenths
of one percent (0.2%) of the current valuation of the
account
, which ever amount is greate
st
,

may be used for costs of administering the account. The monies
and fees provided by subsection (d) of this section,

used to administer the account are not forms of financial assistance which are prioritized under W.S. 16
‑
1
‑
206.

(d)

The board, as a condition to making a loan or other financial assistance, may impose a reasonable administrative fee or application fee not to exceed one percent (1%) of the loan amount, that may be paid from the proceeds of the loan or financial assistance or other available funds of the applicant. These fees
shall
be deposited into the account for purposes of payment of administrative costs of the program.

16
‑
1
‑
207
.

Department loans; repayment.

Principal payments on loans made to the department for taking corrective actions at leaking underground and aboveground storage tank
and solid waste landfill remediation
sites shall be paid from the corrective action account directly to the state water pollution control revolving loan account.

Section 2
.

This
act is effective July 1,
201
6
.

(EN
D)

1