What about capping--or a sliding cap--on the unclaimed deposits?  Grocers
are moving to get redemption out of their stores.  Even if we assume that
redemption centers will be readily accessible (and in many cases they
won't be) the shift will gradually change redemption patterns and depress
rates of return.  This will in turn increase the funds retained in the
unclaimed deposits account (UDA).

The other factor that must be considered is what happens if proponents get
what they want:  inclusion of all similar containers, at a higher rate (10
cents).  Even if redemption rates went unchanged (92%) this would by
itself effectively double the amount going into the UDA.  Without capping
the UDA, the distributors will gain a windfall.

--Bill Witt



> Sierrans and Friends:
>
> Senators John Putney(R), Brian Schoenjahn(D), Tom Hancock(D), and Steve
> Kettering(R) are the subcommittee at work on the Bottle Bill issue this
> year. They met moments ago, and will be meeting again tomorrow morning at
> 8:15. We need to have calls made to them...from all over the state to add
> expansion of coverage of the Bottle Law, to include similar containers,
> i.e.
> Water, tea, lemonade, juice drinks, etc.
>
> Please call them at the Senate switchboard referencing their work on the
> Bottle Bill subcommittee
>
> Senate phone: (515) 281-3371
>
> Or write a quick email to them with the same message.
>
> [log in to unmask]
> [log in to unmask]
> [log in to unmask]
> [log in to unmask]
>
> Please take this action this afternoon. It is critical now.
>
> Lyle
>
>
> Lyle Krewson
> Sierra Club, Iowa Chapter Lobbyist
> ____________________________________________
> 6403 Aurora Avenue #3
> Des Moines, IA 50322-2862
>
> [log in to unmask]
>
> 515/276-8947 - Ofc/Res
> 515/238-7113 - Cel
> ____________________________________________
>
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