This bill addresses the regulation of petroleum storage tanks.
This bill:
- modifies definitions;
- changes terms "underground" and "petroleum" as appropriate;
- provides that the Petroleum Storage Tank Restricted Account earns interest to be deposited into that account;
- addresses registration of underground storage tanks and aboveground petroleum storage tanks;
- addresses the Petroleum Storage Tank Fund, including authorization to request certain legislative appropriations;
- modifies assessment of an environmental assurance fee based on the cash balance of the Petroleum Storage Tank Fund;
- modifies the petroleum storage tank fee provisions;
- provides for certificates of compliance;
- clarifies restrictions on petroleum storage tank installation companies;
- directs certain monies be deposited into the Petroleum Storage Tank Cleanup Fund;
- addresses claims not covered by the Petroleum Storage Tank Fund;
- clarifies language regarding liability;
- addresses eligibility for participation in the Petroleum Storage Tank Fund; and
- makes technical and conforming amendments.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 19-1-105, 19-6-105, 19-6-402, 19-6-403, 19-6-404, 19-6-405.5, 19-6-407, 19-6-409, 19-6-410.5, 19-6-411, 19-6-412, 19-6-416.5, 19-6-420, 19-6-424, 19-6-426, 19-6-428, 19-8-113, 19-8-119, 63G-4-102, 63I-1-219
Amended 1/23/2025 11:01:982: 19-1-105, 19-6-105, 19-6-402, 19-6-403, 19-6-404, 19-6-405.5, 19-6-407, 19-6-409, 19-6-410.5, 19-6-411, 19-6-412, 19-6-416.5, 19-6-420, 19-6-424, 19-6-426, 19-6-428, 19-8-113, 19-8-119, 63G-4-102, 63I-1-219
Substitute #1: 19-1-105, 19-6-105, 19-6-402, 19-6-403, 19-6-404, 19-6-405.5, 19-6-407, 19-6-409, 19-6-410.5, 19-6-411, 19-6-412, 19-6-416.5, 19-6-420, 19-6-424, 19-6-426, 19-6-428, 19-8-113, 19-8-119, 63G-4-102, 63I-1-219