Skip to content

Bills · 2013-2014 Regular Session

AB 286

Died at session end Official bill text Atom feed

Relating to: methods of establishing proof of financial responsibility for the closure and long-term care of a landfill. (FE)

Natural resources, department of — Environmental protection Solid waste management Trust fund Unemployment

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Current law requires the owner of a landfill to maintain proof of financial

responsibility to ensure the availability of funds to cover the costs of closing the

landfill and maintaining the property after the landfill is closed. The Department

of Natural Resources (DNR) must approve the proof of financial responsibility.

Under current law, one method of providing proof of financial responsibility is

an established escrow account, which under DNR's rules may include securities

issued by the federal government.

Under this bill, an escrow account established by the owner of a landfill to

provide proof of financial responsibility may include debt securities issued by an

instrumentality of the federal government, as long as the securities have the highest

rating assigned by a nationally recognized rating agency, as well as securities issued

by the federal government.

Under current DNR rules, another method of providing proof of financial

responsibility is an irrevocable trust, which may include securities issued by the

federal government.

Under this bill, an irrevocable trust established by the owner of a landfill to

provide proof of financial responsibility may include securities issued by an

instrumentality of the federal government, as long as the securities have the highest

rating assigned by a nationally recognized rating agency as well as securities issued

by the federal government.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Ballweg (R) , Bernard Schaber (D) , Bernier (R) , Bies (R) , Brooks (R) , Murphy (R) , Tittl (R)

1 cosponsors

Grothman (R)

Full history

  1. Aug 13, 2013 · Assembly

    Introduced by Representatives Murphy, Brooks, Tittl, Bies, Bernier, Bernard Schaber and Ballweg; cosponsored by Senator Grothman

  2. Aug 13, 2013 · Assembly

    Read first time and referred to Committee on Environment and Forestry

  3. Aug 28, 2013 · Assembly

    Fiscal estimate received

  4. Apr 8, 2014 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1