The Resource Productivity and Recovery Authority is consulting on Ontario Tire Stewardship’s (OTS) plan to return remaining Used Tires Program surplus funds to stewards. The plan was developed by Grant Thornton Limited, the court appointed OTS liquidator, as a Surplus Funds Addendum to the Used Tires Program Wind-Up Plan. The proposed addendum includes:
- which tire classes are eligible to share in the surplus
- a proposed methodology to allocate funds to stewards
- a proposal to address the Minister of the Environment, Conservation and Parks’ direction that the surplus funds returned to stewards be used to benefit consumers
The Authority is hosting a webinar on Thursday, February 11, 10:00 to 11:30 a.m. to present the proposed addendum, answer questions and solicit feedback from stakeholders.