Bill > SB2205

This bill amends the Environmental Protection Act to modify provisions related to the Underground Storage Tank (UST) Fund, specifically addressing payment determinations and deductible requirements. The bill changes the timeline for the Environmental Protection Agency (EPA) to make payment determinations, extending it to 120 days after receiving both the complete payment application and the report documenting completed activities. For underground storage tank releases reported before June 8, 2010, the bill establishes a $10,000 deductible for owners or operators seeking to access the UST Fund for costs associated with an Agency-approved plan. Importantly, this deductible can be reduced by any deductible amount previously applied to costs incurred before the bill's effective date. The changes aim to provide more clarity and flexibility for tank owners and operators in managing cleanup costs related to petroleum releases, while maintaining a structured approach to fund access and reimbursement. The bill also preserves existing provisions about fund eligibility, such as requirements for tank registration, release notification, and restrictions on government-owned tanks or tanks containing tax-exempt fuel.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2205&GAID=18&DocTypeID=SB&SessionID=114&GA=104