House Bill No. by Representative Zeringue proposes amendments to the Hazardous Waste Site Cleanup Fund, specifically increasing the maximum balance from $6 million to $8 million. The bill also introduces a requirement for the state treasurer to adjust this maximum balance annually based on the percentage increase in the Consumer Price Index for all urban consumers, starting January 1, 2027. This adjustment aims to ensure that the fund's maximum balance keeps pace with inflation.

The bill retains the existing provisions regarding the sources of funding for the Hazardous Waste Site Cleanup Fund, which include revenues from the hazardous waste tax and funds recovered from judgments and settlements related to site remediation. Additionally, it maintains the requirement that any funds exceeding the maximum balance 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)