SB 723 (DeSaulnier) - E-waste Payment Adjustment
Position and Status.
In 2008, market scrap values dropped to record low levels. With this drop in scrap value, the payments are no longer sufficient to cover local government and recyclers' costs. While the Waste Board recognizes this deficiency, they lack the statutory authority to adjust the payments until July 1, 2010.
SB 723 provides the Waste Board with the authority to make more timely adjustments of payments that are reflective of current cost and revenue data.
Teresa Bui (916) 443-5422
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