MS HB947

Revises qualifications for persons engaging in liquefied compressed gas business by requiring them to demonstrate good character, competence, and financial responsibility to the State Liquefied Compressed Gas Board.

Establishes different insurance requirements based on business type: cylinder filling locations require $100,000/$300,000 public and products liability limits, while other liquefied compressed gas businesses require $1,000,000 limits for auto, public, and products liability.

Allows persons to substitute a $1,000,000 surety bond or personal bond secured by state or federal obligations in lieu of maintaining required insurance policies.

Expands the State Liquefied Compressed Gas Board's authority to promulgate and enforce regulations necessary for administering liquefied petroleum gas laws, in addition to safety standards.

Takes effect July 1, 2012.