This bill amends the law concerning business practices by authorizing the Division of Environmental Quality to maintain a delinquent list of businesses that fail to pay wholesalers for petroleum products. It establishes a process for wholesalers to report delinquent payments to the Division within two business days, requiring specific information about the delinquent business and the payment due. The Division will then "red-tag" the delinquent business, preventing further deliveries of petroleum products until the delinquency is resolved.

Additionally, the bill outlines the payment methods that a delinquent business must use to settle their debts and mandates that wholesalers report any full payments received to the Division promptly. It also provides a mechanism for both delinquent businesses and wholesalers to contest the delinquency by submitting written statements to the Division, which will review the claims and decide whether to remove the "red-tag." This legislative change aims to enhance accountability and ensure timely payments within the petroleum supply chain.