· A maximum of $60 million shall be transferred from the SAF into the RSF and any monies deposited in excess of $60 million shall be deposited into the State Highway Fund. · Extends the coverage for corrective action costs from the Underground Storage Tank Assurance Account if the release could not have been reported with reasonable diligence before July 1, 2006. · Specifies that if the SAF does not have adequate monies to pay for all releases, releases reported on or after July 1, 2006 are eligible for coverage for corrective action costs from the SAF in priority after releases of a regulated substance that are reported before July 1, 2006. · Provides a 5-year extension to submit the following applications: - Application for reimbursement for or direct payment of eligible reasonable and necessary costs from the SAF - Application for preapproval. - Any application made or expense incurred after June 30, 2010.
· Stipulates that ADEQ is not required to take any action until after the UST Program Study Committee submits its report and only if the UST Assurance Account has sufficient monies to pay claims. · Specifies that if the SAF does not have sufficient monies to pay all claims by the date of the termination of the account, the claims are extinguished. · Delays the repeal of the UST Tax and the SAF until December 31, 2015. · Creates a 17 member UST Program Study Committee to consider and make recommendations relating to the UST Program by December 31, 2013.
Three members of the House Three members of the Senate A designee from the Governor The Director of the Arizona Department of Environmental Quality or a designee The Director of the Arizona Department of Transportation or a designee The Arizona Attorney General or a designee A city or town designee appointed by the Speaker of the House A retail seller of petroleum products appointed by the Speaker of the House A petroleum producer appointed by the Speaker of the House An insurance company representative appointed by the Speaker of the House A representative of environmental consultants appointed by the Speaker of the House Two members of the public appointed by the Speaker of the House Two members of the public appointed by the President of the Senate
Future Funding Financial Responsibility Requirements Tank Compatibility Issues Leak Detection Tank Inspections, Compliance and Maintenance Reestablishment of Claims Eligibility Revenue Collection and Expenditures
SINGLE PAYMENT Payment through Arizona Dept. of Revenue (DOR) Prompt payment from State SINGLE AUDIT Audits conducted by DOR Municipalities may do audits DOR lead on multijurisdictional audits
UST Program Study Committee Political Action Committee TPT Reform 2.0 Transportation Funding 2014 Elections 2015 Tax Repeal (or continuation)