CIWMB Planned Rate Drop Enacted

The second phase of a two-part reduction in the rate paid for covered electronic waste in California went into effect September 16th, bringing the rate down to 39 cents from 43 cents per pound. The previous rate reduction — from 48 cents per pound to 43 cents per pound — took place on July 1st, along with a reduction in the stand-alone recovery payment rate, which was set at 16 cents per pound. The California Integrated Waste Management Board (Sacramento) lowered the rates paid for covered electronics following a review process that revealed a projected fiscal collapse of the system, had the program continued without a rate adjustment.

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Source: E-Scrap News 9/24/2008