SB 1020 -- FUEL STORAGE TANKS

SPONSOR:  Vogel (Moore)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Small Business by a vote of 9 to 0.

This bill requires anyone who manufactures, installs, or repairs
fuel storage tanks or piping for the tanks to maintain evidence
of financial responsibility of $1 million per occurrence and $2
million in the aggregate to cover the costs of corrective action
after a fuel release.  The evidence of financial responsibility
will be submitted annually to the Department of Agriculture.

FISCAL NOTE:  No impact on state funds in FY 2007, FY 2008, and
FY 2009.

PROPONENTS:  Supporters say that the bill is the result of the
federal energy bill and requires the phase in of new rules to
bring Missouri into compliance with the new standards.  The bill
requires companies that manufacture, install, or repair fuel
storage tanks and piping to maintain financial responsibility by
February of next year to meet the federal requirements.

Testifying for the bill were Senator Vogel; Missouri Petroleum
Marketers and Convenience Store Association; and Carol Eighmey,
Petroleum Storage Tank Insurance Fund.

OPPONENTS:  There was no opposition voiced to the committee.

Karla Strobel, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:47 am