Loading chat...
ND SB2132
Bill
Status
3/20/2015
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
-
Amends petroleum tank registration fees based on petroleum release compensation fund balance, evaluated after the close of each fiscal year and accounting of all expenses.
-
Sets annual registration fee at $50 per tank (aboveground or underground) as the base rate.
-
Increases registration fee to $100 per tank when fund balance falls below $6 million; fee reduces back to $50 when balance reaches $5.5 million or more.
-
Reduces registration fee to $5 per tank when fund balance exceeds $9 million; fee remains at $5 until balance no longer exceeds $9 million.
-
Expands state bonding fund to explicitly include assessments, interest, profits on investments, and all other income collected, all managed by the Insurance Commissioner.
Legislative Description
Petroleum tank registration fees and bonding fund investment income.
Last Action
Signed by Governor 03/19
3/20/2015