2025
STATE OF WYOMING
25LSO-02231HB0041
HOUSE BILL NO. HB0041
Environmental quality-irrevocable letters of credit.
Sponsored by: Representative(s) Lawley, Heiner and Larson,
JT and Senator(s) Anderson and Jones
A BILL
for
1 AN ACT relating to environmental quality; clarifying the
2 financial institutions from which operators may obtain
3 irrevocable letters of credit to deposit with the
4 department of environmental quality in lieu of a bond;
5 specifying applicability; authorizing rulemaking; and
6 providing for effective dates.
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10. W.S. 35-11-418 and 35-11-504(e) are
11 amended to read:
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14 2025STATE OF WYOMING25LSO-02232HB00411
2 lieu of a bond, the operator or its principal may deposit
3 federally insured certificates of deposit payable to the
4 Wyoming department of environmental quality, or cash,
5 government securities, or irrevocable letters of credit
6 issued by a bank organized to do business in the United
7 States, or all four (4).
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5 (e) In lieu of a bond, the operator may deposit
6 federally insured certificates of deposit payable to the
7 Wyoming department of environmental quality, cash,
8 government securities, or irrevocable letters of credit
9 issued by a bank organized to do business
10 in the United States, or all four (4).
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17 letters of credit deposited under W.S. 35-11-418 and
18 35-11-504(e) that are issued on and after the effective
19 date of this act.
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21The environmental quality council, upon
22 recommendation by the department of environmental quality,
23 shall promulgate all rules necessary to implement this act. 2025STATE OF WYOMING25LSO-02234HB00411
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4 (a) Except as provided in subsection (b) of this
5 section, this act is effective July 1, 2025.
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7 (b) Sections 3 and 4 of this act are effective
8 immediately upon completion of all acts necessary for a
9 bill to become law as provided by Article 4, Section 8 of
10 the Wyoming Constitution.
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12 (END)