This bill revises laws related to the Petroleum Tank Release Compensation Board by establishing new procedures for the reimbursement of preventative measures taken by owners or operators of petroleum facilities. It allows for reimbursement for specific preventive actions, such as the removal of inactive tanks and upgrades to tank gauges, with a cap of $2,000 per facility every 1,000 days. The bill also outlines the documentation required for reimbursement claims and stipulates that claims cannot be submitted less than 1,000 days after the last state-required compliance inspection.

Additionally, the bill amends existing sections of the Montana Code Annotated (MCA) to provide the board with discretionary authority to meet upon the discovery of a release, particularly when costs are expected to exceed $100,000. It also modifies the language regarding the board's powers and duties, allowing for the reimbursement of costs related to preventative measures. The effective date for these changes is set for January 1, 2026.

Statutes affected:
LC Text: 75-11-309, 75-11-313, 75-11-318
SB0315_1(1): 75-11-309, 75-11-313, 75-11-318
SB0315_1(2): 75-11-309, 75-11-313, 75-11-318
SB0315_1(3): 75-11-309, 75-11-313, 75-11-318
SB0315_1(4): 75-11-309, 75-11-313, 75-11-318
SB0315_1(5): 75-11-309, 75-11-313, 75-11-318
SB0315_1(6): 75-11-309, 75-11-313, 75-11-318
SB0315_1(7): 75-11-309, 75-11-313, 75-11-318
SB0315_1: 75-11-309, 75-11-313, 75-11-318
SB0315_X(1): 75-11-309, 75-11-313, 75-11-318
SB0315_X(10): 75-11-309, 75-11-313, 75-11-318
SB0315_X(11): 75-11-309, 75-11-313, 75-11-318
SB0315_X(12): 75-11-309, 75-11-313, 75-11-318
SB0315_X(13): 75-11-309, 75-11-313, 75-11-318
SB0315_X(14): 75-11-309, 75-11-313, 75-11-318
SB0315_X(2): 75-11-309, 75-11-313, 75-11-318
SB0315_X(3): 75-11-309, 75-11-313, 75-11-318
SB0315_X(4): 75-11-309, 75-11-313, 75-11-318
SB0315_X(5): 75-11-309, 75-11-313, 75-11-318
SB0315_X(6): 75-11-309, 75-11-313, 75-11-318
SB0315_X(7): 75-11-309, 75-11-313, 75-11-318
SB0315_X(8): 75-11-309, 75-11-313, 75-11-318
SB0315_X(9): 75-11-309, 75-11-313, 75-11-318
SB0315_X: 75-11-309, 75-11-313, 75-11-318