Date of enactment: November 16, 1995
1995 Senate Bill 249 Date of publication*: December 1, 1995
1995 WISCONSIN ACT 63
An Act to renumber and amend 144.443 (1) (b); to amend 144.443 (4) (b); and to create 144.443 (1) (b) 2. of the statutes; relating to: use of the net worth method of establishing proof of responsibility for compliance with requirements to take corrective action because of a discharge from a hazardous waste facility.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
63, s. 1
144.443 (1) (b) of the statutes is renumbered 144.443 (1) (b) (intro.) and amended to read:
144.443 (1) (b) (intro.) "Company" means any one of the following:
1. Any business operated for profit and any public utility which is applying for or holds a license for the operation of a solid or hazardous waste disposal facility under s. 144.44 (4) or 144.64 (2) directly or through a subsidiary, affiliate, contractor or other entity if the business or public utility guarantees compliance with any closure and long-term care responsibilities of the subsidiary, affiliate, contractor or other entity.
63, s. 2
144.443 (1) (b) 2. of the statutes is created to read:
144.443 (1) (b) 2. Any business operated for profit and any public utility that is required to perform corrective action under s. 144.735.
63, s. 3
144.443 (4) (b) of the statutes is amended to read:
144.443 (4) (b) Application. A company which seeks to establish proof of financial responsibility utilizing the net worth method shall submit an application to the department as a part of the initial license application, written submissions required under s. 144.735 or annual review procedure which includes a copy of the most recent annual audited financial statements which were distributed to owners, stockholders or other persons with a financial interest in the company and the opinion of an independent certified public accountant.