Stricken language would be deleted from and underlined language would be added to present law.
Act 148 of the Regular Session
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State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 HOUSE BILL 1383 3
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By: Representative Ladyman 5
By: Senator J. Boyd 6
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For An Act To Be Entitled 8
AN ACT TO AMEND THE PETROLEUM STORAGE TANK TRUST FUND 9
ACT; TO MODIFY THE AMOUNT OF THE PAYMENT FOR 10
CORRECTIVE ACTION; AND FOR OTHER PURPOSES. 11
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Subtitle 14
TO AMEND THE PETROLEUM STORAGE TANK 15
TRUST FUND ACT; AND TO MODIFY THE AMOUNT 16
OF THE PAYMENT FOR CORRECTIVE ACTION. 17
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 19
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SECTION 1. Arkansas Code ยง 8 -7-907(e)(2)(C), concerning payments for 21
corrective action under the Petroleum Storage Tank Trust Fund Act, is amended 22
to read as follows: 23
(C)(i) Interim payments shall consist of payment of an 24
amount not to exceed ninety percent (90%) of one million five hundred 25
thousand dollars ($1,500,000) two million dollars ($2,000,000) . 26
(ii) The remaining ten percent (10%) shall be 27
released only upon final payment for corrective action concerning the 28
occurrence. 29
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APPROVED: 2/25/25 32
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