H.B.
241
UNDERGROUND PETROLEUM STORAGE TANK FINANCIAL VIABILITY STUDY
House Committee
Amendments
Amendment 1 February 20, 2013 2:37 PM
Representative Steve Eliason
proposes the following amendments:
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).
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LRGC
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