HSB 699

This bill relates to the use of moneys in the storage tank management account of the groundwater protection fund that are transferred from the Iowa comprehensive petroleum underground storage tank fund. The groundwater protection fund includes four accounts related to groundwater: the solid waste account, the agriculture management account, the household hazardous waste account, and the storage tank management account. The Iowa comprehensive petroleum underground storage tank fund assists owners and operators of petroleum underground storage tanks in complying with federal regulations. The bill transfers all unencumbered and unobligated moneys in the Iowa comprehensive petroleum underground storage tank fund on the effective date of the bill to the storage tank management account. The bill provides that moneys transferred to the storage tank management account pursuant to the bill shall be used to reimburse tank owners for the costs associated with a corrective action for a petroleum release and that at least $3 million of the moneys transferred from the Iowa comprehensive petroleum underground storage tank fund to the storage tank management account shall be used for the permanent closure of underground storage tank systems, actions arising from sites where certificates of no further action have been issued, and tank operator training.