|Date Requested:January 22, 2014
Time Requested:01:31 PM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program,A New Fund
Effect this measure will have on costs and revenues of state government.
| This Fiscal Note is for SB 417 ONLY. Other Bill(s) relative to Aboveground Storage Tanks have been introduced and Fiscal Notes for those will be submitted upon request.
SB 417 creates a new program for regulation of certain Aboveground Storage Tanks. This legislation authorizes the collection of fees and calls for the development of a new regulatory program.
Two (2) new Special Revenue funds are created by this bill.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||135,932||316,000||316,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||100,000||371,000||371,000|
3. Explanation of above estimates (including long-range effect):
The bill creates a new program for Aboveground Storage Tank regulation in Zones of Critical Concern.
All estimates are based on 100 facilities to be inspected once every 3 years and review of Source Water Protection Plans. Total estimated positions = 3.83 FTE.
Actual number of regulated sites is currently UNKNOWN at this time so the 100 is an estimate. Estimated capitalization fee is based on 100 site assumption with estimated total revenue for 2014.
Another bill (SB 373) contains more frequent inspections and would have different fiscal impacts.
|SB 373 would result in more significant costs and a larger program. Additional Fiscal Notes will be provided on this bill and/or any other as requested.|