senate Bill S703

2011-2012 Legislative Session

Deposits for refillable beverage containers

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to environmental conservation
Jan 05, 2011 referred to environmental conservation

S703 - Details

Current Committee:
Law Section:
Environmental Conservation Law
Laws Affected:
Amd ยง27-1012, En Con L
Versions Introduced in 2009-2010 Legislative Session:
S6241

S703 - Summary

Provides for deposits for refillable beverage containers; excludes refund values received for refillable beverage containers from being deposited into refund value accounts.

S703 - Sponsor Memo

S703 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   703

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
  printed to be committed to the Committee on Environmental Conservation

AN ACT to amend the  environmental  conservation  law,  in  relation  to
  deposits of refund values for refillable beverage containers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions 1, 2, 3, 4, and 5 of section  27-1012  of  the
environmental  conservation  law,  as  added  by section 8 of part SS of
chapter 59 of the laws of 2009, are amended and a new subdivision 5-a is
added to read as follows:
  1. Each deposit initiator shall deposit in a refund value  account  an
amount equal to the refund value initiated under section 27-1005 of this
title  which is received with respect to each beverage container sold by
such deposit initiator, EXCEPT FOR  THOSE  REFUND  VALUES  RECEIVED  FOR
REFILLABLE  BEVERAGE CONTAINERS.   Such deposit initiator shall hold the
amounts in the refund value account in trust for  the  state.  A  refund
value  account  shall  be  an  interest-bearing account established in a
banking institution located in this state, the  deposits  in  which  are
insured by an agency of the federal government. Deposits of such amounts
into  the  refund  value  account shall be made not less frequently than
every five business days. All interest, dividends and returns earned  on
the  refund  value account shall be paid directly into said account. The
monies in such accounts shall be kept separate and apart from all  other
monies  in  the possession of the deposit initiator. The commissioner of
taxation and finance may specify a system of accounts and records to  be
maintained with respect to accounts established under this subdivision.
  2.  Payments  of  refund  values  pursuant  to section 27-1007 of this
title, EXCEPT FOR PAYMENTS  OF  REFUND  VALUES  ON  REFILLABLE  BEVERAGE
CONTAINERS,  shall  be  paid  from each deposit initiator's refund value

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02062-01-1

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