(1) A waste tire program is created to manage waste tires which for the purposes of KRS 224.50-850 to 224.50-880 shall include:
(a) Tires not used for their original, intended purpose due to wear or damage;
(b) Used tires stored for resale; and (c) Processed waste tire material.
(2) The cabinet may promulgate administrative regulations to implement the waste tire program.