Effective 28 Aug 2018

319.140. Task force on the petroleum storage tank insurance fund established, members, duties, meetings — expiration date. — 1. There is established a task force of the general assembly to be known as the "Task Force on the Petroleum Storage Tank Insurance Fund". Such task force shall be composed of eight members. Three members shall be from the house of representatives with two appointed by the speaker of the house of representatives and one appointed by the minority floor leader of the house of representatives. Three members shall be from the senate with two appointed by the president pro tempore of the senate and one appointed by the minority floor leader of the senate. Two members shall be industry stakeholders with one appointed by the speaker of the house of representatives and one appointed by the president pro tempore of the senate. No more than two members from either the house of representatives or the senate shall be from the same political party. A majority of the task force shall constitute a quorum.

2. The task force shall conduct research and compile a report for delivery to the general assembly by December 31, 2018, on the following:

(1) The efficacy of the petroleum storage tank insurance fund and program;

(2) The sustainability of the petroleum storage tank insurance fund and program;

(3) The administration of the petroleum storage tank insurance fund and program;

(4) The availability of private insurance for above- and below-ground petroleum storage tanks, and the necessity of insurance subsidies created through the petroleum storage tank insurance program;

(5) Compliance with federal programs, regulations, and advisory reports; and

(6) The comparability of the petroleum storage tank insurance program to other states' programs and states without such programs.

3. The task force shall meet within thirty days after its creation and organize by selecting a chairperson and vice chairperson, one of whom shall be a member of the senate and the other a member of the house of representatives. Thereafter, the task force may meet as often as necessary in order to accomplish the tasks assigned to it.

4. The task force shall be staffed by legislative staff as necessary to assist the task force in the performance of its duties.

5. The members of the task force shall serve without compensation but shall be entitled to reimbursement for actual and necessary expenses incurred in the performance of their official duties.

6. This section shall expire on December 31, 2018.

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(L. 2018 H.B. 1364 merged with S.B. 659 merged with S.B. 782)

Expires 12-31-18