H.F. 44 Section 1. NEW SECTION . 455B.702 Crude oil disaster 1 prevention and response fee. 2 1. A crude oil disaster prevention and response fee shall 3 be payable by the owner or operator of a pipeline company, as 4 defined in section 479B.2, in an amount equal to twenty-four 5 ten-thousandths of one cent per gallon of crude oil transported 6 out of the state by pipeline, whether extracted in or out of 7 the state. The director shall establish by rule procedures for 8 collection of the fees. 9 2. Fees collected pursuant to this section shall be 10 deposited as follows: 11 a. Fifty percent shall be deposited in the water quality 12 infrastructure fund in section 8.57B. 13 b. Fifty percent shall be deposited in the water quality 14 financial assistance fund in section 16.134A. 15 EXPLANATION 16 The inclusion of this explanation does not constitute agreement with 17 the explanation’s substance by the members of the general assembly. 18 This bill creates a crude oil disaster prevention and 19 response fee applied to crude oil transported out of the state 20 by pipeline and payable by the owner or operator of a pipeline 21 company. The bill requires the director of the department of 22 natural resources to establish rules for collecting the fee. 23 Fifty percent of the fees collected shall be deposited in the 24 water quality infrastructure fund and the other 50 percent of 25 the fees collected shall be deposited in the water quality 26 financial assistance fund. 27 -1- LSB 1342YH (2) 88 js/tm 1/ 1