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Bill > SCR77
NJ SCR77
NJ SCR77Urges President of United States and United States Congress to annually financially compensate every local unit of government in United States where there is located decommissioned nuclear power plant in which spent nuclear fuel is stored.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This concurrent resolution urges the President and the United States Congress to enact legislation to annually financially compensate every local unit of government in the United States in which there is located a decommissioned or no longer functioning nuclear power plant in which spent nuclear fuel is currently stored, until a federal nuclear waste storage facility is operational in the United States and the spent nuclear fuel can be relocated to that facility. These decommissioned nuclear power plants cannot be repurposed, or redeveloped, as long as the spent nuclear fuel remains stored on the premises. Effectively, these properties are contaminated sites, and have no value for property taxation purposes, causing all other property taxpayers in these municipalities to pay higher property taxes. The "Nuclear Waste Policy Act of 1982," 42 U.S.C. s.10101 et seq., assigned to the United States Department of Energy the responsibility to site, build, and operate a deep geologic repository for the disposal of spent nuclear fuel. This federal repository was never constructed, so local units of government in which these nuclear power plants exist have effectively become permanent repositories for the spent nuclear fuel once these plants are decommissioned. Therefore, it is fitting for the United States Government, through the Nuclear Waste General Fund, to provide financial compensation to these local units of government for lost property tax revenue in every year in which the federal repository did not exist, and for the burden of becoming the de facto interim storage facilities for stranded nuclear waste.
AI Summary
This concurrent resolution urges the President and Congress to create legislation that would provide annual financial compensation to local governments hosting decommissioned nuclear power plants with spent nuclear fuel storage. The resolution stems from the 1982 Nuclear Waste Policy Act, which originally tasked the Department of Energy with creating a federal nuclear waste repository, but that facility was never constructed. As a result, local municipalities with shuttered nuclear power plants are effectively bearing the burden of storing nuclear waste, which prevents property redevelopment and causes significant lost tax revenue. The proposed compensation would be $15 per kilogram of stored spent nuclear fuel, paid annually from the Nuclear Waste General Fund until a permanent federal storage facility becomes operational. This approach is modeled after a 2017 congressional bill (H.R.3929) that sought to provide financial relief to the 16 sites across the United States with decommissioned nuclear reactors, including the Oyster Creek Nuclear Generating Station in New Jersey. The resolution aims to support these local governments by seeking federal legislation that acknowledges the economic challenges created by long-term nuclear waste storage.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/SCR77 |
BillText | https://pub.njleg.gov/Bills/2024/SCR/77_I1.HTM |
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