House of Representatives
State of Utah
UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL
Figure
Graphic file number 0 named letter~1.jpg with height 78 p and width 81 p Left aligned
P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029
February 20, 2013
Madam Speaker:
The Natural Resources, Agriculture, and Environment Committee reports a favorable
recommendation on H.B. 241, UNDERGROUND PETROLEUM STORAGE TANK FINANCIAL
VIABILITY STUDY, by Representative S. Eliason, with the following amendments and recommends it
be placed on the Consent Calendar.
1. Page
5, Lines 136 through 137
:
136
(ii) obtain an actuarial study and related consultation that provides the necessary
137
calculations to
{
eliminate
}
minimize
adverse selection in the program and the
actuarial deficit of the fund;
2. Page
5, Lines 138 through 139
:
138
(iii) develop a risk characterization profile for participants in the program and
{
create
}
recommend
a
139
fee schedule based on fair market rates;
3. Page
5, Lines 144 through 146
:
144
(b) based on the information obtained and developed under Subsection (8)(a),
prepare a
145
recommendation to
{
, within four years, eliminate
}
implement a strategy to
minimize
adverse selection of participants in the
146
program and
eliminate or reduce
the actuarial deficit of the fund.
4. Page
5, Lines 147 through 150
:
147
(9) The department shall report to the Natural Resources, Agriculture, and
148
Environment Interim Committee before
{
October
}
December
31, 2013,
regarding:
149
(a) the information obtained and developed under Subsection (8)(a); and
150
(b) the recommendation prepared under Subsection (8)(b).
Respectfully,
Michael E. Noel
Committee Chair
Voting: 11-0-5
4 HB0241.HC1.wpd 2/20/13 3:23 pm ballred/JBA TJN/AMN
Bill NumberAction Class
Action Code
*HB0241**H*
*HCRAMDCON*
HB0241H