NO. 59. AN ACT RELATING TO USES OF THE PETROLEUM CLEANUP FUND.
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. ABOVEGROUND PETROLEUM STORAGE TANKS
Notwithstanding the annual limit established under 10 V.S.A. § 1941(c) with respect to expenditures that may be made from the petroleum cleanup fund in order to finance measures related to aboveground petroleum storage tanks, the secretary of natural resources may use up to $500,000.00 from this fund for these purposes in fiscal year 2001. The legislature intends that after fiscal year 2001, the amount spent from the fund for these purposes shall revert to $250,000.00, as is established by statute.
Sec. 2. STUDY ON ABOVEGROUND PETROLEUM STORAGE TANKS
The secretary of natural resources, in consultation with other affected state and local entities, affected industries, and representatives of other affected parties, shall study and report to the house and senate committees on natural resources and energy, the house committee on fish, wildlife and water resources, the house committee on ways and means, and the senate committee on finance, by January 15, 2002, with respect to the following:
(1) The prevention of contamination caused by aboveground petroleum storage tanks.
(2) Opportunities for prevention of this contamination through coordination with the state’s weatherization program, or with other state, local, or privately-operated programs that involve the inspection of buildings, for safety or other purposes.
(3) The alternative of requiring that an aboveground petroleum storage tank be inspected and certified as part of any real estate sales transaction transferring the property on which the tank is located.
(4) An evaluation of alternative sources of funding that may be used for purposes of cleaning up petroleum contamination from aboveground petroleum storage tanks.
(5) Whether there should be a tank size minimum limit, below which an aboveground petroleum tank would not be eligible for expenditures from the fund; and if so, what that tank size minimum limit should be.
Sec. 3. EFFECTIVE DATE
This act shall take effect upon passage.
Approved: June 16, 2001