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Bill > HB1242

IN HB1242

Excess liability trust fund.

summary

Introduced
01/09/2024
In Committee
02/29/2024
Crossed Over
01/24/2024
Passed
03/05/2024
Dead
Signed/Enacted/Adopted
03/13/2024

Introduced Session

2024 Regular Session

Bill Summary

Excess liability trust fund. Allows the department of environmental management (IDEM) to pay an excess liability trust fund claim to replace an underground petroleum storage tank being decommissioned and replaced with an underground or aboveground petroleum storage tank. Provides that remaining funds that have not been allocated at the end of the fiscal year shall roll over to the next year and be used to decommission and replace underground petroleum storage tanks.

AI Summary

This bill amends the existing law to allow the Department of Environmental Management (IDEM) to pay an Excess Liability Trust Fund (ELTF) claim to replace an underground petroleum storage tank that is being decommissioned and replaced with either an underground or aboveground petroleum storage tank. It also provides that any remaining funds not allocated at the end of the fiscal year will roll over to the next year and be used to decommission and replace underground petroleum storage tanks within the same allocation categories. The bill sets specific annual funding limits for different tank ownership categories. Additionally, the bill declares an emergency for this act.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (5)

Last Action

Public Law 149 (on 03/13/2024)

bill text

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bill summary

Document Type Source Location
State Bill Page https://iga.in.gov/legislative/2024/bills/house/1242/details
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.06.ENRS.pdf
Fiscal Note #1: Senate Enrolled https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.06.ENRS.FN001.pdf
Fiscal Note #3: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.05.COMS.FN003.pdf
Fiscal Note #2: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.05.COMS.FN002.pdf
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.05.COMS.pdf
House Committee Report https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-reports/HB1242.04.COMS.CRS001.pdf
Vote Sheet February 29, 2024 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/votesheets/HB1242.04.COMS.00.pdf
Fiscal Note #1: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.05.COMS.FN001.pdf
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.04.COMS.pdf
Senate Environmental Affairs Amendment #6 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-amendments/amendments/HB1242.03.ENGH.AMS06.pdf
House Committee Report https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-reports/HB1242.03.ENGH.CRS001.pdf
Vote Sheet February 19, 2024 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/votesheets/HB1242.03.ENGH.00.pdf
Fiscal Note #1: Senate Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.04.COMS.FN001.pdf
Fiscal Note #2: House Engrossed https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.03.ENGH.FN002.pdf
Fiscal Note #1: House Engrossed https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.03.ENGH.FN001.pdf
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.03.ENGH.pdf
House Amendment #1 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/amendments/HB1242.02.COMH.AMH001.pdf
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.02.COMH.pdf
Fiscal Note #1: House Comm Sub https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.02.COMH.FN001.pdf
House Environmental Affairs Amendment #1 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-amendments/amendments/HB1242.01.INTR.AMH01.pdf
House Environmental Affairs Amendment #2 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-amendments/drafts/AM124202.pdf
House Committee Report https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/committee-reports/HB1242.01.INTR.CRH001.pdf
Vote Sheet January 17, 2024 https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/votesheets/HB1242.01.INTR.02.pdf
BillText https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/HB1242.01.INTR.pdf
Fiscal Note #1: Introduced https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1242/fiscal-notes/HB1242.01.INTR.FN001.pdf
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