| 3 | 2 | | *JMB253* 01/29/2025 11:37:29 AM JMB253 |
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| 4 | 3 | | State of Arkansas 1 |
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| 5 | 4 | | 95th General Assembly A Bill 2 |
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| 6 | 5 | | Regular Session, 2025 HOUSE BILL 1383 3 |
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| 7 | 6 | | 4 |
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| 8 | 7 | | By: Representative Ladyman 5 |
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| 9 | 8 | | By: Senator J. Boyd 6 |
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| 10 | 9 | | 7 |
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| 11 | 10 | | For An Act To Be Entitled 8 |
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| 12 | 11 | | AN ACT TO AMEND THE PETROLEUM STORAGE TANK TRUST FUND 9 |
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| 13 | 12 | | ACT; TO MODIFY THE AMOUNT OF THE PAYMENT FOR 10 |
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| 14 | 13 | | CORRECTIVE ACTION; AND FOR OTHER PURPOSES. 11 |
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| 15 | 14 | | 12 |
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| 16 | 15 | | 13 |
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| 17 | 16 | | Subtitle 14 |
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| 18 | 17 | | TO AMEND THE PETROLEUM STORAGE TANK 15 |
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| 19 | 18 | | TRUST FUND ACT; AND TO MODIFY THE AMOUNT 16 |
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| 20 | 19 | | OF THE PAYMENT FOR CORRECTIVE ACTION. 17 |
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| 21 | 20 | | 18 |
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| 22 | 21 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 19 |
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| 23 | 22 | | 20 |
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| 24 | 23 | | SECTION 1. Arkansas Code ยง 8 -7-907(e)(2)(C), concerning payments for 21 |
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| 25 | 24 | | corrective action under the Petroleum Storage Tank Trust Fund Act, is amended 22 |
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| 26 | 25 | | to read as follows: 23 |
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| 27 | 26 | | (C)(i) Interim payments shall consist of payment of an 24 |
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| 28 | 27 | | amount not to exceed ninety percent (90%) of one million five hundred 25 |
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| 29 | 28 | | thousand dollars ($1,500,000) two million dollars ($2,000,000) . 26 |
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| 30 | 29 | | (ii) The remaining ten percent (10%) shall be 27 |
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| 31 | 30 | | released only upon final payment for corrective action concerning the 28 |
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| 32 | 31 | | occurrence. 29 |
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| 33 | 32 | | 30 |
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| 34 | 33 | | 31 |
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