House Bill No. 417, introduced by Representative Zeringue, seeks to amend the Hazardous Waste Site Cleanup Fund by increasing its maximum balance from $6 million to $8 million. The bill also mandates that starting January 1, 2027, the state treasurer must adjust this maximum balance annually based on the percentage increase in the Consumer Price Index for all urban consumers, as reported by the U.S. Department of Labor. This adjustment aims to ensure that the fund's maximum balance keeps pace with inflation.

The bill retains the existing provisions that allow the Hazardous Waste Site Cleanup Fund to receive funds from the hazardous waste tax and recoveries from judgments, settlements, and penalties related to hazardous waste site remediation. It also stipulates that any funds exceeding the maximum balance must be deposited into the Environmental Trust Dedicated Fund Account. The proposed changes are set to take effect on July 1, 2026.

Statutes affected:
HB417 Original: 30:2205(A)(1)
HB417 Engrossed: 30:2205(A)(1)