Bill > HB1383

This bill amends the Petroleum Storage Tank Trust Fund Act by increasing the maximum interim payment for corrective action from $1.5 million to $2 million. The bill specifically modifies the payment structure for addressing environmental contamination related to petroleum storage tanks, allowing a higher interim payment while maintaining the existing practice of releasing only 90% of funds during the corrective action process. The remaining 10% of payment will continue to be released only upon final completion of the corrective action. This change could potentially provide more financial flexibility for addressing petroleum storage tank-related environmental cleanup efforts by increasing the available interim funding. The bill appears to be designed to support more comprehensive and potentially faster remediation of petroleum storage tank sites by providing increased interim financial resources.

Agriculture and Natural Resources, Health and Social Services

https://arkleg.state.ar.us/Bills/Detail?id=hb1383&ddBienniumSession=2025%2F2025R