1. (a) This section does not apply to the transfer of ownership of a facility from a permittee whose business derives less than fifty percent (50%) of its gross revenue from the management of solid waste to a prospective owner whose business derives less than fifty percent (50%) of its gross revenue from the management of solid waste.

2. (b) If there is a prospective change of the entire ownership interest in a facility for which a permit described in IC 13-15-1-3 is required, the prospective owner, at least one hundred eighty (180) days before the proposed change in ownership, shall submit to the commissioner a disclosure statement that:

   1. (1) includes the information required by section 3(a) of this chapter; and
   2. (2) was executed under section 3(b) of this chapter.

3. (c) The commissioner:

   1. (1) shall review the disclosure statement submitted under subsection (b); and
   2. (2) may investigate and verify the information set forth in the disclosure statement.

4. (d) If the commissioner determines that:

   1. (1) the information disclosed by the disclosure statement submitted under subsection (b); and

   2. (2) any investigation by the commissioner;

      would require the commissioner to deny the prospective owner's permit application if the prospective owner were applying for a permit under section 2 of this chapter, the commissioner shall disapprove the transfer of ownership of the facility to the prospective owner.

5. (e) If:

   1. (1) subsection (b) does not apply; and

   2. (2) there is a change of at least fifty percent (50%) ownership control of an entity that holds a permit described in IC 13-15-1-3 , including an entity referred to in section 1 of this chapter (other than an entity referred to in subsection (a));

      the entity must, not later than thirty (30) days after the change of ownership control is completed, submit to the department the disclosure statement referred to in subsection (b).

6. (f) The commissioner:

   1. (1) shall review the disclosure statement submitted under subsection (e); and
   2. (2) may investigate and verify the information set forth in the disclosure statement.

7. (g) If the commissioner determines:

   1. (1) that:

      1. (A) the information disclosed by the disclosure statement submitted under subsection (e); and

      2. (B) any investigation by the commissioner;

         would require the commissioner to deny an application for a permit described in IC 13-15-1-3 if the entity that submits the disclosure statement were applying for a permit under section 2 of this chapter; or

   2. (2) that an entity failed to submit to the department a timely disclosure statement under subsection (e);

      the commissioner shall revoke any permit described in IC 13-15-1-3 held by the entity.

      [Pre-1996 Recodification Citation: 13-7-10.2-5.]

As added by P.L.1-1996, SEC.9. Amended by P.L.154-2005, SEC.9.