HSB 656 (LSB 5440DP (4) 83)

SENATE/HOUSE FILE _____

BY  (PROPOSED UNDERGROUND STORAGE TANK FUND BOARD BILL)

A BILL FOR

An Act relating to the Iowa comprehensive petroleum underground storage tank fund.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 455G.9, subsection 7, Code 2009, is amended to read as follows:
   7.  Expenses of cleanup not required.  When an owner or operator who is eligible for benefits under this chapter is allowed by the department of natural resources to monitor in place, the expenses incurred for cleanup beyond the level required by the department of natural resources are not may be covered under any of the accounts established under the fund only if approved by the board as cost-effective relative to the department accepted monitoring plan. The Any cleanup expenses incurred for work completed beyond what is required approved pursuant to this subsection is the responsibility of the person contracting for the excess cleanup.
    Sec. 2.  REPEAL.  1989 Iowa Acts, chapter 131, section 63, as amended by 2009 Iowa Acts, chapter 184, section 39, is repealed.
EXPLANATION
   This bill relates to the Iowa comprehensive petroleum underground storage tank fund.
   Currently, for eligible owners and operators of petroleum underground storage tanks who are allowed to monitor in place, expenses incurred for cleanup beyond the level required by the department of natural resources are not covered under any of the accounts established under the Iowa comprehensive petroleum underground storage tank fund. The bill allows such owners and operators to receive moneys from the accounts if the Iowa comprehensive petroleum underground storage tank fund board determines the expenses are cost-effective relative to the monitoring plan accepted by the department of natural resources.
   Currently, Code sections 455G.6 and 455G.7, relating to the powers and duties of the Iowa comprehensive petroleum underground storage tank fund board and the establishment by the Iowa finance authority of certain capital reserve funds to secure bonds issued for the fund, are repealed with certain exceptions, effective July 1, 2010. The bill eliminates the future repeal.