HB58 ALLOWS OWNERS OF PETROLEUM STORAGE TANKS ON PROPERTY PURCHASED BEFORE JANUARY 1, 1986 TO APPLY FOR PARTICIPATION IN INSURANCE FUND.
Sponsor: Treadway, Joseph L. (96) Effective Date:00/00/0000
CoSponsor: LR Number:0050-04
Last Action: 04/20/1999 - Returned to Committee of Origin (S)
SCS HB 58
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
ACTIONS HEARINGS CALENDAR
BILL SUMMARIES BILL TEXT FISCAL NOTES
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Available Bill Summaries for HB58 Copyright(c)
* Senate Committee Substitute * Perfected * Committee * Introduced

Available Bill Text for HB58
* Senate Committee Substitute * Perfected * Committee * Introduced *

Available Fiscal Notes for HB58
* Senate Committee Substitute * Introduced *

BILL SUMMARIES

PERFECTED

HB 58 -- PETROLEUM STORAGE TANKS (Treadway)

Under current law, to participate in the petroleum storage tank
insurance fund, owners of existing tanks must have applied for
participation by December 31, 1997.  This bill allows owners to
apply until December 31, 2000, if their tanks are on property
purchased before January 1, 1986, and the property was not used
for a gasoline filling station immediately before the purchase.

FISCAL NOTE:  No impact on state funds.


COMMITTEE

HB 58 -- PETROLEUM STORAGE TANKS

SPONSOR:  Treadway

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Environment and Energy by a vote of 17 to 0.

Under current law, to participate in the petroleum storage tank
insurance fund, owners of existing tanks must have applied for
participation by December 31, 1997.  This bill allows owners to
apply until December 31, 2000, if their tanks are on property
purchased before January 1, 1986, and the property was not used
for a gasoline filling station immediately before the purchase.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that before 1986, when searches of
old records were first required for property transactions,
purchasers may have been unaware of the presence of old storage
tanks on the property.  The bill provides a limited opportunity
for these property owners to participate in the petroleum
storage tank insurance fund.

Testifying for the bill was Representative Treadway.

OPPONENTS:  There was no opposition voiced to the committee.

Terry Finger, Senior Legislative Analyst


INTRODUCED

HB 58 -- Petroleum Storage Tanks

Sponsor:  Treadway

Under current law, to participate in the petroleum storage tank
insurance fund, owners of existing tanks must have applied for
participation by December 31, 1997.  This bill allows owners to
apply until December 31, 2000, if their tanks are on property
purchased before January 1, 1986, and the property was not used
for a gasoline filling station immediately before the purchase.


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