Provides relative to underground storage tanks and the Motor Fuels Underground Storage Tank Trust Fund. (8/1/16) (EN INCREASE SD EX See Note)
If enacted, SB257 would result in significant changes to how underground storage tanks are regulated in Louisiana. It aims to enhance the response to environmental contamination by ensuring that funds from the Motor Fuels Underground Storage Tank Trust Fund are readily available for cleanup and remediation efforts. The bill outlines more rigorous eligibility requirements for fund access and imposes financial responsibilities upon tank owners, reinforcing the principle that those who contribute to environmental damage should bear the associated cleanup costs.
Senate Bill 257 focuses on the regulations governing underground storage tanks and the management of the Motor Fuels Underground Storage Tank Trust Fund in Louisiana. This bill amends existing statutes related to the registration, maintenance, and financial liabilities associated with underground storage tanks that store motor fuels. One of the key provisions includes updating the definition of a 'bulk facility' and delineating responsibilities concerning the prevention of spills and leaks, as well as the requirements for financial assurances from tank owners for potential environmental damages.
The sentiment surrounding SB257 appears to be largely supportive among environmental advocacy groups and some legislators who emphasize the need for stricter regulations to prevent environmental contamination. However, there are concerns voiced by certain stakeholders regarding the financial implications of the bill on small business operators who own these storage tanks. They argue that additional compliance costs might disproportionately affect them, leading to potential economic hardship.
Notable points of contention surrounding SB257 revolve around the balance between environmental protection and economic feasibility for small businesses. Critics highlight that while the bill promotes public safety and environmental health, it could impose substantial financial burdens on tank owners, particularly those unable to afford compliance with the stricter guidelines set forth. The discussions showcase the ongoing struggle to reconcile regulatory oversight with practical business operations within the state.