LD 2255
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Page 1 of 9 An Act to Make Corrections to Laws Recently Enacted by the 119th Legislature ... Page 3 of 9
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LR 3209
Item 1

 
(2) For expenses related to a leaking aboveground oil
storage facility, the deductible amount is determined
in accordance with the following schedule:

 
Deductible

 
capacity in gallons owned by

 
the facility owner

 
Less than 1,320 $500

 
1,321 to 50,000 2,500

 
50,001 to 250,000 5,000

 
250,001 to 500,00010,000

 
500,001 to 1,000,00025,000

 
1,000,001 to 1,500,00040,000

 
greater than 1,500,00062,500

 
(3) For facilities with both aboveground and
underground tanks when the source of the discharge can
not be determined or when the discharge is from both
types of tanks, the standard deductible is the
applicable amount under subparagraph (1) or (2),
whichever is greater.

 
Sec. A-2. Effective date. This Part takes effect 90 days after
adjournment of the First Regular Session of the 119th
Legislature.

 
PART B

 
Sec. B-1. Resolve 1999, c. 74, §7 is amended to read:

 
*Sec. 7. Report. Resolved: That no later than December 15, 1999, the
task force shall submit its report, together with any
recommendations for legislation, to the Joint Standing Committee
on Business and Economic Development. The Joint Standing
Committee on Business and Economic Development is authorized to
report out a bill during the Second Regular Session of the 119th
Legislature concerning the findings and recommendations of the
task force.

 
If the task force requires an extension of the reporting
deadline, it may apply to the Legislative Council, which may
grant the extension.; and be it further

 
Sec. B-2. Resolve 1999, c. 74, §8 is enacted to read:

 
Sec. 8.__Appropriation.__Resolved:__That the following funds are
appropriated from the General Fund to carry out the purposes of
this resolve.


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