A bill for an act relating to underground storage tanks, including repealing the Iowa comprehensive petroleum underground storage tank fund and eliminating the Iowa comprehensive petroleum underground storage tank fund board, making appropriations, and including effective date and transition provisions. (Formerly SF 2327, SSB 3177.) Effective date: 04/19/2024, 07/01/2024.
Impact
The enactment of SF2414 significantly alters the financial landscape for managing underground storage tank issues in Iowa. It repeals the previous fund and board, consolidating responsibilities under the Department of Natural Resources. This centralized approach is designed to improve efficiency in addressing contamination and ensures that funding remains available to tackle the remediation of petroleum releases. By setting strict guidelines on the use of funds and liabilities, the bill aims to safeguard public health and the environment by providing clear pathways for remediation financing, thus fostering safer practices in managing potential hazards posed by USTs.
Summary
Senate File 2414 is legislation aimed at managing the complexities surrounding underground storage tanks (USTs) within Iowa. It establishes a Storage Tank Management Account to replace the Iowa Comprehensive Petroleum Underground Storage Tank Fund and Board. The bill outlines a program to reimburse eligible claimants for the costs associated with corrective actions for petroleum releases from these tanks. It emphasizes the transition of all existing liabilities associated with USTs to the new account, ensuring that funds are allocated effectively for remediation efforts and environmental protection initiatives. This shift aims to streamline the management of financial responsibilities and enhance accountability regarding UST incidents in the state.
Sentiment
The sentiment surrounding SF2414 appears largely favorable, especially among environmental advocates and regulatory bodies focused on groundwater protection. Proponents appreciate the bill for its streamlined focus on managing funding and liability, as it provides a proactive approach to addressing environmental contamination. However, there are concerns regarding the shift in responsibilities and whether the new framework will be sufficient in cases of widespread contamination. Some stakeholders fear that potential reductions in funding could impact timely remediation efforts and environmental safety measures, thus introducing a debate on effectiveness and resource allocation.
Contention
Several points of contention have emerged regarding SF2414, particularly its implications for liability and the adequacy of funding mechanisms. Critics argue that the transition to a single management account might limit the resources available for significant environmental issues, especially if the new fund does not attract sufficient financial support or insurance premiums. Additionally, there are concerns over how the bill handles claims related to third-party liabilities, as some stakeholders fear that it might shift more financial burden onto tank owners, further complicating compliance and remediation processes. Overall, the bill's implementation will be scrutinized to ensure that it effectively serves its intended purpose of environmental protection.
Related
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(See HF 2588, HF 2646.)
Related
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(See SF 2327, SF 2414.)
Similar To
A bill for an act relating to underground storage tanks, including repealing the Iowa comprehensive petroleum underground storage tank fund and eliminating the Iowa comprehensive petroleum underground storage tank fund board, making appropriations, and including effective date and transition provisions. (Formerly SSB 3177; See SF 2414.)
Similar To
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(Formerly HSB 699; See HF 2646.)
Similar To
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(Formerly HF 2588, HSB 699.)
A bill for an act relating to underground storage tanks, including repealing the Iowa comprehensive petroleum underground storage tank fund and eliminating the Iowa comprehensive petroleum underground storage tank fund board, making appropriations, and including effective date and transition provisions. (Formerly SSB 3177; See SF 2414.)
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(Formerly HF 2588, HSB 699.)
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(See HF 2588, HF 2646.)
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(See SF 2327, SF 2414.)
A bill for an act relating to underground storage tanks, including repealing the Iowa comprehensive petroleum underground storage tank fund and eliminating the Iowa comprehensive petroleum underground storage tank fund board, making appropriations, and including effective date and transition provisions. (Formerly SSB 3177; See SF 2414.)
A bill for an act relating to the use of certain moneys in the storage tank management account of the groundwater protection fund, and making appropriations.(Formerly HSB 699; See HF 2646.)