Bill > H2904

This bill aims to protect the taxpayers of the Commonwealth from financial responsibility for nuclear power plant decommissioning. It does so by: 1) Requiring shareholder approval for the sale, lease, or disposition of assets of a corporation that holds lands currently or previously licensed by the U.S. Nuclear Regulatory Commission, if the disposition would leave the corporation without a significant continuing business activity. 2) Vesting all liabilities of a corporation that disposes of such assets without retaining a significant continuing business activity in the acquiring corporation or its shareholders. 3) Authorizing the Department of Public Health to assess the costs of its radiation control program activities related to ensuring proper decommissioning and site remediation against the corporations that previously held the nuclear power plant licenses. This allows the state to recoup these costs from the responsible parties rather than the taxpayers. 4) Requiring the Department of Public Health to certify that decommissioned nuclear power plant sites meet strict standards for residual radioactivity levels before the land can be considered fit for unrestricted use or sale. Overall, the bill aims to shift the financial burden of nuclear power plant decommissioning from the Commonwealth's taxpayers to the corporations responsible for the facilities.

Transportation and Infrastructure

https://malegislature.gov/Bills/191/H2904