Reimbursement program established for underground petroleum storage tank systems with pressurized single-walled steel piping.
Impact
If passed, HF3298 would provide vital funding for the replacement of non-compliant systems while promoting greater environmental safety. It aims to reimburse property owners for up to 50% of eligible expenses related to this replacement, thereby encouraging compliance with updated environmental protocols. The legislation decrees that the reimbursement cannot exceed $100,000 per eligible location, which may incentivize many owners to invest in upgrading their facilities to prevent potential contamination issues. This action is expected to enhance the overall safety of the state’s energy infrastructure as well as support local economic development through funding allocation.
Summary
House Bill HF3298 aims to establish a reimbursement program targeting underground petroleum storage tank systems containing pressurized single-walled steel piping. This bill proposes amendments to existing Minnesota statutes, specifically focusing on the financing mechanisms available to address the environmental impacts of petroleum leaks from these tanks. The bill is designed to facilitate the replacement of outdated tank systems with a focus on sustainability and compliance with new energy standards, potentially aligned with the use of environmentally friendly fuels. It supports state-funded initiatives to address contamination and promote better safety standards in energy infrastructure.
Contention
Discussion surrounding HF3298 reflects potential concerns regarding the sufficiency of funding and eligibility criteria for the reimbursement program. Critics may voice concerns about the financial burden placed on the state and whether the funding limits are adequate to address the environmental challenges posed by outdated underground storage tank systems. As properties with the older systems may require extensive remediation, stakeholders might question if the reimbursement will realistically cover the costs of compliance for all affected owners, or if some may still face financial difficulties in fully meeting the new requirements.
Energy storage provisions added and modified to support deployment, utilities required to install an energy storage system, Public Utilities Commission required to order the installation of energy storage systems, public utilities required to file a plan to install energy storage systems, incentive program established, and money appropriated.
Capital investment; spending authorized to acquire and better public land and buildings, new programs established and existing programs modified, prior appropriations modified, bonds issued, conveyance of state bond-financed property authorized, reports required, and money appropriated.