The bill amends existing laws related to environmental quality in Wyoming, specifically concerning the financial instruments that operators can use in lieu of a bond for coal and noncoal mining operations, as well as for solid waste management facilities. It introduces new provisions allowing operators to deposit irrevocable letters of credit issued by both banks and credit unions, expanding the options available for securing financial assurances. The bill specifies that these letters of credit must be issued by institutions insured by the federal deposit insurance corporation or the national credit union administration.

Additionally, the bill clarifies that it applies to irrevocable letters of credit issued on or after the effective date of the act, which is set for July 1, 2025, with certain sections becoming effective immediately upon the bill's passage. The environmental quality council is tasked with promulgating necessary rules to implement the act, ensuring that the new provisions are effectively integrated into the existing regulatory framework.

Statutes affected:
Introduced: 35-11-418, 35-11-504
Engrossed: 35-11-418, 35-11-504