HF 2391 (LSB 6000YH (2) 91)

HOUSE FILE 2391

BY  CROKEN and LEVIN

A BILL FOR

An Act relating to water usage reporting requirements for large water use facilities.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  455B.280  Large water use facilities —— reporting requirements.
   1.  For purposes of this section:
   a.  “Cryptocurrency” means any electronic token that represents or evidences economic value or economic, proprietary, or access rights, may be used as payment in specified markets, and is digitally recorded on a distributed ledger.
   b.  “Cryptocurrency mining” means the process by which a computer, also known as a node or mining rig, validates blockchain transactions for a specific cryptocurrency and, in turn, receives a mining reward for its computational effort.
   c.  “Large water use facility” means a facility that uses or is able to use twenty-five thousand gallons or more per day and is primarily engaged in the business of one of the following:
   (1)  Providing a service as described under code number 518210 of the North American industry classification system.
   (2)  Ethyl alcohol manufacturing as described under code number 325193 of the North American industry classification system.
   (3)  Cryptocurrency mining.
   2.  On or before March 31 of each year, each large water use facility shall submit a report to the department that includes detailed information on the facility’s water use from the previous year.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to water usage reporting requirements for large water use facilities.
   The bill defines “large water use facility” as a facility that uses or is able to use 25,000 gallons or more per day and is primarily engaged in the business of providing a service as described under code number 518210 of the North American industry classification system (data processing), ethyl alcohol manufacturing as described under code number 325193 of the North American industry classification system, or cryptocurrency mining.
   The bill requires each large water use facility to submit an annual report to the department of natural resources by March 31 of each year that includes detailed information on the facility’s water use from the previous year.