FUND(S):

Aboveground Storage Tank Administrative Fund; Leaking Aboveground Storage Tank Response Fund

Sources of Revenue:

Special Fund

Legislation creates:

A New Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    This Fiscal Note is for engrossed SB 373 ONLY. Other Bills relative to Aboveground Storage Tanks have been introduced and Fiscal Notes for those will be submitted upon request.
    
    SB 373 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.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2014
Increase/Decrease
(use"-")
2015
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 314,932 755,715 755,715
Personal Services 111,262 537,200 537,200
Current Expenses 203,670 218,515 218,515
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 930,715 930,715


Explanation of above estimates (including long-range effect):


    The bill creates a new program for regulation of select aboveground storage tanks statewide.
    
    All estimates are based on 500 facilities to be inspected once every 3 years outside of Zones of Critical Concern (ZCC), 100 facilities to be inspected annually within the ZCC and review of Source Water
    Protection Plans. Annual tank registration, review of Professional Engineer submittals, corrective actions, closures, financial assurance, rule development, etc. are required program components. Total estimated positions = 9 FTE.
    
    Anticipated revenues include an annual fee in an amount sufficient to respond to any leaking aboveground storage tank(s). Estimated annual fees for the Leaking Aboveground Storage Tank Response Fund is $175,000. These fees may or may not be expended in any given year and are not reflected in the current expense category.
    
    The actual number of regulated sites is currently UNKOWN at this time, so the 600 facilities mentioned above is an estimate.
    



Memorandum


    



    Person submitting Fiscal Note: Lori Saylor
    Email Address: Lori.B.Saylor@wv.gov