HB 2949

Abstract

] [Requires the Department of Environmental Quality to contract with a third party to study and assess financial assurance requirements for owners or operators of bulk oils and liquid fuels terminals. Directs the department to submit findings to the interim committees of the Legislative Assembly related to the environment no later than September 15, 2026.] [Sunsets on January 2, 2027.] Requires owners or operators of bulk oils or liquid fuels terminals to obtain a certificate of financial responsibility from the Department of Environmental Quality. Directs the Environmental Quality Commission to establish rules pertaining to certificates of responsibility. Requires the department to report to the Legislative Assembly on the implementation of the Act each even-numbered year. Preempts local governments from requiring financial assurance that exceeds or is in addition to the requirements of the Act. Takes effect on the 91st day following adjournment sine die.