HF 44 (LSB 1342YH (2) 88)

HOUSE FILE 44

BY  ANDERSON

A BILL FOR

An Act creating a crude oil disaster prevention and response fee.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  455B.702  Crude oil disaster prevention and response fee.
   1.  A crude oil disaster prevention and response fee shall be payable by the owner or operator of a pipeline company, as defined in section 479B.2, in an amount equal to twenty-four ten-thousandths of one cent per gallon of crude oil transported out of the state by pipeline, whether extracted in or out of the state. The director shall establish by rule procedures for collection of the fees.
   2.  Fees collected pursuant to this section shall be deposited as follows:
   a.  Fifty percent shall be deposited in the water quality infrastructure fund in section 8.57B.
   b.  Fifty percent shall be deposited in the water quality financial assistance fund in section 16.134A.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill creates a crude oil disaster prevention and response fee applied to crude oil transported out of the state by pipeline and payable by the owner or operator of a pipeline company. The bill requires the director of the department of natural resources to establish rules for collecting the fee. Fifty percent of the fees collected shall be deposited in the water quality infrastructure fund and the other 50 percent of the fees collected shall be deposited in the water quality financial assistance fund.