The proposed bill would significantly update current statutes regarding solar energy power plants by allowing local governments to establish their own decommissioning standards, which applicants must comply with. It mandates that solar energy power plant owners submit a detailed decommissioning and site restoration plan, including cost estimates and timelines, while also specifying qualifications for those estimating these costs. Additionally, the bill introduces the Solar Energy Power Plant Site Remediation Fund for local governments to manage funds collected from solar energy power plants, ensuring resources are available for decommissioning and remediation.

Furthermore, the bill outlines new requirements for ownership transfers, including the necessity for the new owner to accept the previous owner's obligations and notify local authorities of any sale. It also requires solar energy power plant owners to maintain liability insurance and establishes a Fund for managing financial assurance monies, which will be continuously appropriated. Overall, these updates aim to enhance accountability, financial security, and regulatory oversight in the management of solar energy facilities throughout their lifecycle.

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