Prepared by: Senate Finance
Updated: April 27, 1999

Senate Bill 128 allows the legislature to appropriate money from the storage tank assistance fund for projects relating to governmental fuel storage tanks and converts the existing grant program to a loan program.

No other state has a grant program and providing grants to private entities for cleanup of their storage tank facilities does not make fiscal sense. Many states do have loan programs and providing an affordable loan program to private entities for the purpose of cleaning up problematic private fuel tanks is much more fiscally responsible. Dispensing loans instead of grants also encourages private entities to take greater care during the initial installation of fuel storage tanks.

| Top |