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Bill > ACR65

NJ ACR65

NJ ACR65
Urges 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
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

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 annually compensate local governments hosting decommissioned nuclear power plants with stored spent nuclear fuel. The resolution stems from the Nuclear Waste Policy Act of 1982, which originally tasked the Department of Energy with creating a federal nuclear waste repository, but this facility was never constructed. As a result, local municipalities with decommissioned nuclear plants have become de facto permanent storage sites, unable to redevelop or repurpose these properties, which leads to significant lost property tax revenue. The resolution specifically references the 17 shut-down commercial nuclear power reactors across 16 sites in the United States, including the Oyster Creek Nuclear Generating Station in New Jersey, and draws attention to a previously proposed bill (H.R.3929) that would have provided $15 per kilogram of stored spent nuclear fuel as compensation. The goal is to financially support local governments burdened by these stranded nuclear waste sites until a national repository can be constructed and the spent fuel can be relocated, effectively addressing the economic challenges faced by these municipalities.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
(3 Companion Bills)

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/ACR65
BillText https://pub.njleg.gov/Bills/2024/ACR/65_I1.HTM
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