The bill amends the law regarding the Liquefied Petroleum Gas Fund, specifically focusing on the discretionary suspension of inspection and registration fees. It allows the Liquefied Petroleum Gas Board to suspend these fees if the fund's balance exceeds $500,000. The previous requirement for a one-year suspension period has been removed, and the board's decision to suspend fees will now be effective for the fiscal year following the decision.

Additionally, the bill eliminates the previous stipulation that the board could only reinstate fees if the fund's balance fell below $500,000 after the one-year period. This change provides the board with greater flexibility in managing the fund and the associated fees, allowing for a more responsive approach to the fund's financial status.