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First Substitute H.B. 138

Representative Steve Eliason proposes the following substitute bill:


             1     
UNDERGROUND PETROLEUM STORAGE TANK AMENDMENTS

             2     
2014 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Steve Eliason

             5     
Senate Sponsor: Howard A. Stephenson

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill modifies provisions relating to the Division of Environmental Response and
             10      Remediation.
             11      Highlighted Provisions:
             12          This bill:
             13          .    amends definitions;
             14          .    authorizes the director of the Division of Environmental Response and Remediation
             15      to file a lien against a responsible party for the costs associated with a cleanup, if
             16      necessary;
             17          .    transfers balances from the Petroleum Storage Tank Loan Fund and the Circle K
             18      settlement into the Petroleum Storage Tank Trust Fund;
             19          .    authorizes the director of the Division of Environmental Response and Remediation
             20      to use money in the Petroleum Storage Tank Cleanup Fund to investigate a
             21      suspected release;
             22          .    requires the Division of Environmental Response and Remediation to charge an
             23      additional fee for an underground storage tank with an annual throughput rate of
             24      70,000 gallons or less;
             25          .    authorizes the State Tax Commission to raise the environmental assurance fee to


             26      13/20 cent per gallon on the first sale or use of petroleum in the state;
             27          .    authorizes the Division of Environmental Response and Remediation to create a
             28      risk-based rebate system for environmental assurance fees;
             29          .     authorizes the director of the Division of Environmental Response and
             30      Remediation to revoke a certificate of compliance, in certain situations;
             31          .    authorizes the director of the Division of Environmental Response and Remediation
             32      to order an owner or operator to reimburse the division for the cost of managing and
             33      overseeing the cleanup of a release;
             34          .    provides a repeal date; and
             35          .    makes technical changes.
             36      Money Appropriated in this Bill:
             37          None
             38      Other Special Clauses:
             39          This bill provides an effective date.
             40      Utah Code Sections Affected:
             41      AMENDS:
             42           19-6-402 , as last amended by Laws of Utah 2012, Chapters 310 and 360
             43           19-6-404 , as last amended by Laws of Utah 2012, Chapter 360
             44           19-6-405.7 , as last amended by Laws of Utah 2012, Chapter 360
             45           19-6-408 , as last amended by Laws of Utah 2012, Chapter 360
             46           19-6-409 , as last amended by Laws of Utah 2013, Chapter 286
             47           19-6-410.5 , as last amended by Laws of Utah 2013, Chapter 286
             48           19-6-411 , as last amended by Laws of Utah 2012, Chapters 286, 310, 360 and last
             49      amended by Coordination Clause, Laws of Utah 2012, Chapter 310
             50           19-6-414 , as last amended by Laws of Utah 2012, Chapter 360
             51           19-6-420 , as last amended by Laws of Utah 2012, Chapter 360
             52           19-8-119 , as last amended by Laws of Utah 2012, Chapter 360
             53           63A-3-205 , as last amended by Laws of Utah 2013, Chapter 227
             54           63B-1b-102 , as last amended by Laws of Utah 2013, Chapter 227
             55           63B-1b-202 , as last amended by Laws of Utah 2013, Chapter 227
             56      ENACTS:


             57           19-6-405.4 , Utah Code Annotated 1953
             58           63I-2-219 , Utah Code Annotated 1953
             59     
             60      Be it enacted by the Legislature of the state of Utah:
             61          Section 1. Section 19-6-402 is amended to read:
             62           19-6-402. Definitions.
             63          As used in this part:
             64          (1) "Abatement action" means action taken to limit, reduce, mitigate, or eliminate:
             65          (a) a release from an underground storage tank or petroleum storage tank; or
             66          (b) the damage caused by that release.
             67          (2) "Board" means the Solid and Hazardous Waste Control Board created in Section
             68      19-1-106 .
             69          (3) "Bodily injury" means bodily harm, sickness, disease, or death sustained by a
             70      person.
             71          (4) "Certificate of compliance" means a certificate issued to a facility by the director:
             72          (a) demonstrating that an owner or operator of a facility containing one or more
             73      petroleum storage tanks has met the requirements of this part; and
             74          (b) listing all tanks at the facility, specifying:
             75          (i) which tanks may receive petroleum; and
             76          (ii) which tanks have not met the requirements for compliance.
             77          (5) "Certificate of registration" means a certificate issued to a facility by the director
             78      demonstrating that an owner or operator of a facility containing one or more underground
             79      storage tanks has:
             80          (a) registered the tanks; and
             81          (b) paid the annual underground storage tank fee.
             82          (6) (a) "Certified underground storage tank consultant" means a person who:
             83          (i) for a fee, or in connection with services for which a fee is charged, provides or
             84      contracts to provide information, opinions, or advice relating to underground storage tank
             85      release:
             86          (A) management;
             87          (B) abatement;


             88          (C) investigation;
             89          (D) corrective action; or
             90          (E) evaluation;
             91          (ii) has submitted an application to the director;
             92          (iii) received a written statement of certification from the director; and
             93          (iv) meets the education and experience standards established by the board under
             94      Subsection 19-6-403 (1)(a)(vii).
             95          (b) "Certified underground storage tank consultant" does not include:
             96          (i) (A) an employee of the owner or operator of the underground storage tank; or
             97          (B) an employee of a business operation that has a business relationship with the owner
             98      or operator of the underground storage tank, and markets petroleum products or manages
             99      underground storage tanks; or
             100          (ii) a person licensed to practice law in this state who offers only legal advice on
             101      underground storage tank release:
             102          (A) management;
             103          (B) abatement;
             104          (C) investigation;
             105          (D) corrective action; or
             106          (E) evaluation.
             107          (7) "Closed" means an underground storage tank no longer in use that has been:
             108          (a) emptied and cleaned to remove all liquids and accumulated sludges; and
             109          (b) (i) removed from the ground; or
             110          (ii) filled with an inert solid material.
             111          (8) "Corrective action plan" means a plan for correcting a release from a petroleum
             112      storage tank that includes provisions for any of the following:
             113          (a) cleanup or removal of the release;
             114          (b) containment or isolation of the release;
             115          (c) treatment of the release;
             116          (d) correction of the cause of the release;
             117          (e) monitoring and maintenance of the site of the release;
             118          (f) provision of alternative water supplies to a person whose drinking water has


             119      become contaminated by the release; or
             120          (g) temporary or permanent relocation, whichever is determined by the director to be
             121      more cost-effective, of a person whose dwelling has been determined by the director to be no
             122      longer habitable due to the release.
             123          (9) "Costs" means money expended for:
             124          (a) investigation;
             125          (b) abatement action;
             126          (c) corrective action;
             127          (d) judgments, awards, and settlements for bodily injury or property damage to third
             128      parties;
             129          (e) legal and claims adjusting costs incurred by the state in connection with judgments,
             130      awards, or settlements for bodily injury or property damage to third parties; or
             131          (f) costs incurred by the state risk manager in determining the actuarial soundness of
             132      the fund.
             133          (10) "Covered by the fund" means the requirements of Section 19-6-424 have been
             134      met.
             135          (11) "Director" means the director of the Division of Environmental Response and
             136      Remediation.
             137          (12) "Division" means the Division of Environmental Response and Remediation,
             138      created in Subsection 19-1-105 (1)(c).
             139          (13) "Dwelling" means a building that is usually occupied by a person lodging there at
             140      night.
             141          (14) "Enforcement proceedings" means a civil action or the procedures to enforce
             142      orders established by Section 19-6-425 .
             143          (15) "Facility" means all underground storage tanks located on a single parcel of
             144      property or on any property adjacent or contiguous to that parcel.
             145          (16) "Fund" means the Petroleum Storage Tank Trust Fund created in Section
             146      19-6-409 .
             147          [(17) "Loan fund" means the Petroleum Storage Tank Loan Fund created in Section
             148      19-6-405.3 .]
             149          [(18)] (17) "Operator" means a person in control of or who is responsible on a daily


             150      basis for the maintenance of an underground storage tank that is in use for the storage, use, or
             151      dispensing of a regulated substance.
             152          [(19)] (18) "Owner" means:
             153          (a) in the case of an underground storage tank in use on or after November 8, 1984, a
             154      person who owns an underground storage tank used for the storage, use, or dispensing of a
             155      regulated substance; and
             156          (b) in the case of an underground storage tank in use before November 8, 1984, but not
             157      in use on or after November 8, 1984, a person who owned the tank immediately before the
             158      discontinuance of its use for the storage, use, or dispensing of a regulated substance.
             159          [(20)] (19) "Petroleum" includes crude oil or a fraction of crude oil that is liquid at:
             160          (a) 60 degrees Fahrenheit; and
             161          (b) a pressure of 14.7 pounds per square inch absolute.
             162          [(21)] (20) "Petroleum storage tank" means a tank that:
             163          (a) (i) is underground;
             164          (ii) is regulated under Subtitle I of the Resource Conservation and Recovery Act, 42
             165      U.S.C. [Section] Sec. 6991c, et seq.; and
             166          (iii) contains petroleum; or
             167          (b) the owner or operator voluntarily submits for participation in the Petroleum Storage
             168      Tank Trust Fund under Section 19-6-415 .
             169          [(22)] (21) "Petroleum Storage Tank Restricted Account" means the account created in
             170      Section 19-6-405.5 .
             171          [(23)] (22) "Program" means the Environmental Assurance Program under Section
             172      19-6-410.5 .
             173          [(24)] (23) "Property damage" means physical injury to, destruction of, or loss of use of
             174      tangible property.
             175          [(25)] (24) (a) "Regulated substance" means petroleum and petroleum-based
             176      substances comprised of a complex blend of hydrocarbons derived from crude oil through
             177      processes of separation, conversion, upgrading, and finishing.
             178          (b) "Regulated substance" includes motor fuels, jet fuels, distillate fuel oils, residual
             179      fuel oils, lubricants, petroleum solvents, and used oils.
             180          [(26)] (25) (a) "Release" means spilling, leaking, emitting, discharging, escaping,


             181      leaching, or disposing a regulated substance from an underground storage tank or petroleum
             182      storage tank.
             183          (b) A release of a regulated substance from an underground storage tank or petroleum
             184      storage tank is considered a single release from that tank system.
             185          [(27)] (26) (a) "Responsible party" means a person who:
             186          (i) is the owner or operator of a facility;
             187          (ii) owns or has legal or equitable title in a facility or an underground storage tank;
             188          (iii) owned or had legal or equitable title in a facility at the time petroleum was
             189      received or contained at the facility;
             190          (iv) operated or otherwise controlled activities at a facility at the time petroleum was
             191      received or contained at the facility; or
             192          (v) is an underground storage tank installation company.
             193          (b) "Responsible party" as defined in Subsections [(27)] (26)(a)(i), (ii), and (iii) does
             194      not include:
             195          (i) a person who is not an operator and, without participating in the management of a
             196      facility and otherwise not engaged in petroleum production, refining, and marketing, holds
             197      indicia of ownership:
             198          (A) primarily to protect [his] the person's security interest in the facility; or
             199          (B) as a fiduciary or custodian under Title 75, Utah Uniform Probate Code, or under an
             200      employee benefit plan; or
             201          (ii) governmental ownership or control of property by involuntary transfers as provided
             202      in CERCLA Section 101(20)(D), 42 U.S.C. Sec. 9601(20)(D).
             203          (c) The exemption created by Subsection [(27)] (26)(b)(i)(B) does not apply to actions
             204      taken by the state or its officials or agencies under this part.
             205          (d) The terms and activities "indicia of ownership," "primarily to protect a security
             206      interest," "participation in management," and "security interest" under this part are in
             207      accordance with 40 C.F.R. Part 280, Subpart I, as amended, and 42 U.S.C. Sec. 6991b(h)(9).
             208          (e) The terms "participate in management" and "indicia of ownership" as defined in 40
             209      C.F.R. Part 280, Subpart I, as amended, and 42 U.S.C. Sec. 6991b(h)(9) include and apply to
             210      the fiduciaries listed in Subsection [(27)] (26)(b)(i)(B).
             211          [(28)] (27) "Soil test" means a test, established or approved by board rule, to detect the


             212      presence of petroleum in soil.
             213          [(29)] (28) "State cleanup appropriation" means money appropriated by the Legislature
             214      to the department to fund the investigation, abatement, and corrective action regarding releases
             215      not covered by the fund.
             216          [(30)] (29) "Underground storage tank" means a tank regulated under Subtitle I,
             217      Resource Conservation and Recovery Act, 42 U.S.C. Sec. 6991c, et seq., including:
             218          (a) a petroleum storage tank;
             219          (b) underground pipes and lines connected to a storage tank;
             220          (c) underground ancillary equipment; [and]
             221          (d) a containment system[.]; and
             222          (e) each compartment of a multi-compartment storage tank.
             223          [(31)] (30) "Underground storage tank installation company" means a person, firm,
             224      partnership, corporation, governmental entity, association, or other organization who installs
             225      underground storage tanks.
             226          [(32)] (31) "Underground storage tank installation company permit" means a permit
             227      issued to an underground storage tank installation company by the director.
             228          [(33)] (32) "Underground storage tank technician" means a person employed by and
             229      acting under the direct supervision of a certified underground storage tank consultant to assist
             230      in carrying out the functions described in Subsection (6)(a).
             231          Section 2. Section 19-6-404 is amended to read:
             232           19-6-404. Powers and duties of director.
             233          (1) The director shall:
             234          (a) administer the petroleum storage tank program established in this part; and
             235          (b) as authorized by the board and subject to the provisions of this part, act as
             236      executive secretary of the board under the direction of the chairman of the board.
             237          (2) As necessary to meet the requirements or carry out the purposes of this part, the
             238      director may:
             239          (a) advise, consult, and cooperate with other persons;
             240          (b) employ persons;
             241          (c) authorize a certified employee or a certified representative of the department to
             242      conduct facility inspections and reviews of records required to be kept by this part and by rules


             243      made under this part;
             244          (d) encourage, participate in, or conduct studies, investigation, research, and
             245      demonstrations;
             246          (e) collect and disseminate information;
             247          (f) enforce rules made by the board and any requirement in this part by issuing notices
             248      and orders;
             249          (g) review plans, specifications, or other data;
             250          (h) under the direction of the executive director, represent the state in all matters
             251      pertaining to interstate underground storage tank management and control, including entering
             252      into interstate compacts and other similar agreements;
             253          (i) enter into contracts or agreements with political subdivisions for the performance of
             254      any of the department's responsibilities under this part if:
             255          (i) the contract or agreement is not prohibited by state or federal law and will not result
             256      in a loss of federal funding; and
             257          (ii) the director determines that:
             258          (A) the political subdivision is willing and able to satisfactorily discharge its
             259      responsibilities under the contract or agreement; and
             260          (B) the contract or agreement will be practical and effective;
             261          (j) take any necessary enforcement action authorized under this part, including filing a
             262      lien against the real property, which is subject to cleanup and is owned by a responsible party,
             263      for the costs of abatement, investigative and corrective actions taken by the agency, if
             264      necessary, and depositing any funds received into the Petroleum Storage Tank Cleanup Fund
             265      created in Section 19-6-405.7 ;
             266          (k) require an owner or operator of an underground storage tank to:
             267          (i) furnish information or records relating to the tank, its equipment, and contents;
             268          (ii) monitor, inspect, test, or sample the tank, its contents, and any surrounding soils,
             269      air, or water; or
             270          (iii) provide access to the tank at reasonable times;
             271          (l) take any abatement, investigative, or corrective action as authorized in this part; or
             272          (m) enter into agreements or issue orders to apportion percentages of liability of
             273      responsible parties under Section 19-6-424.5 .


             274          Section 3. Section 19-6-405.4 is enacted to read:
             275          19-6-405.4. Transfer of balances.
             276          By June 30, 2014, the Department of Environmental Quality shall transfer:
             277          (1) the balances in the Petroleum Storage Tank Loan Fund created in Section
             278      19-6-405.3 into the Petroleum Storage Tank Trust Fund created in Section 19-6-409 ; and
             279          (2) any funds remaining from the Circle K settlement in the Petroleum Damage Fund
             280      into the Petroleum Storage Tank Trust Fund created in Section 19-6-409 .
             281          Section 4. Section 19-6-405.7 is amended to read:
             282           19-6-405.7. Petroleum Storage Tank Cleanup Fund -- Revenue and purposes.
             283          (1) There is created a private-purpose trust fund entitled the "Petroleum Storage Tank
             284      Cleanup Fund," which is referred to in this section as the cleanup fund.
             285          (2) The cleanup fund sources of revenue are:
             286          (a) any voluntary contributions received by the department for the cleanup of facilities;
             287          (b) legislative appropriations made to the cleanup fund; and
             288          (c) costs recovered under this part.
             289          (3) The cleanup fund shall earn interest, which shall be deposited in the cleanup fund.
             290          (4) The director may use the cleanup fund money for administration, investigation,
             291      abatement action, and preparing and implementing a corrective action plan regarding releases
             292      and suspected releases not covered by the Petroleum Storage Tank Trust Fund created in
             293      Section 19-6-409 .
             294          Section 5. Section 19-6-408 is amended to read:
             295           19-6-408. Underground storage tank registration fee -- Processing fee for tanks
             296      not in the program.
             297          (1) The department may assess an annual underground storage tank registration fee
             298      against [owners] an owner or [operators] operator of an underground storage [tanks] tank that
             299      [have] has not been closed. These fees shall be:
             300          (a) billed per facility;
             301          (b) due on July 1 annually;
             302          (c) deposited with the department as dedicated credits;
             303          (d) used by the department for the administration of the underground storage tank
             304      program outlined in this part; and


             305          (e) established under Section 63J-1-504 .
             306          (2) (a) As used in this Subsection (2), "financial assurance mechanism document" may
             307      be a single document that covers more than one facility through a single financial assurance
             308      mechanism.
             309          (b) In addition to the fee under Subsection (1), an owner or operator who elects to
             310      demonstrate financial assurance through a mechanism other than the Environmental Assurance
             311      Program shall pay a processing fee [of: (i) for fiscal year 1997-98, $1,000 for each financial
             312      assurance mechanism document submitted to the division for review; and (ii) on and after July
             313      1, 1998, a processing fee] established under Section 63J-1-504 .
             314          [(b)] (c) If a combination of financial assurance mechanisms is used to demonstrate
             315      financial assurance, the fee under Subsection [(2)(a)] (2)(b) shall be paid for each document
             316      submitted.
             317          [(c) As used in this Subsection (2), "financial assurance mechanism document" may be
             318      a single document that covers more than one facility through a single financial assurance
             319      mechanism.]
             320          (3) Any funds provided for administration of the underground storage tank program
             321      under this section that are not expended at the end of the fiscal year lapse into the Petroleum
             322      Storage Tank Restricted Account created in Section 19-6-405.5 .
             323          (4) The director shall provide all owners or operators who pay the annual underground
             324      storage tank registration fee a certificate of registration.
             325          (5) (a) The director may issue a notice of agency action assessing a civil penalty of
             326      $1,000 per facility if an owner or operator of an underground storage tank facility fails to pay
             327      the required fee within 60 days after the July 1 due date.
             328          (b) The registration fee and late payment penalty accrue interest at 12% per annum.
             329          (c) If the registration fee, late payment penalty, and interest accrued under this
             330      Subsection (5) are not paid in full within 60 days after the July 1 due date any certificate of
             331      compliance issued prior to the July 1 due date lapses. The director may not reissue the
             332      certificate of compliance until full payment under this Subsection (5) is made to the
             333      department.
             334          (d) The director may waive any penalty assessed under this Subsection (5) if no fuel
             335      has been dispensed from the tank on or after July 1, 1991.


             336          Section 6. Section 19-6-409 is amended to read:
             337           19-6-409. Petroleum Storage Tank Trust Fund created -- Source of revenues.
             338          (1) (a) There is created a private-purpose trust fund entitled the "Petroleum Storage
             339      Tank Trust Fund."
             340          (b) The sole sources of revenues for the fund are:
             341          (i) petroleum storage tank fees paid under Section 19-6-411 ;
             342          (ii) underground storage tank installation company permit fees paid under Section
             343      19-6-411 ;
             344          (iii) the environmental assurance fee and penalties paid under Section 19-6-410.5 ;
             345      [and]
             346          (iv) appropriations to the fund;
             347          (v) principal and interest received from the repayment of loans made by the director
             348      under Subsection (5); and
             349          [(iv)] (vi) interest accrued on revenues listed in this Subsection (1)(b).
             350          (c) Interest earned on fund money is deposited into the fund.
             351          (2) The director may expend money from the fund to pay costs:
             352          (a) covered by the fund under Section 19-6-419 ;
             353          (b) of administering the:
             354          (i) fund; and
             355          (ii) environmental assurance program and fee under Section 19-6-410.5 ;
             356          (c) incurred by the state for a legal service or claim adjusting service provided in
             357      connection with a claim, judgment, award, or settlement for bodily injury or property damage
             358      to a third party;
             359          (d) incurred by the executive director in determining the actuarial soundness of the
             360      fund;
             361          (e) incurred by a third party claiming injury or damages from a release reported on or
             362      after May 11, 2010, for hiring a certified underground storage tank consultant:
             363          (i) to review an investigation or corrective action by a responsible party; and
             364          (ii) in accordance with Subsection (4);
             365          (f) incurred by the department to implement the study described in Subsection
             366      19-6-410.5 (8), including a one-time cost of up to $200,000 for the actuarial study described in


             367      Subsection 19-6-410.5 (8)(a)(ii); and
             368          (g) allowed under this part that are not listed under this Subsection (2).
             369          (3) Costs for the administration of the fund and the environmental assurance fee shall
             370      be appropriated by the Legislature.
             371          (4) The director shall:
             372          (a) in paying costs under Subsection (2)(e):
             373          (i) determine a reasonable limit on costs paid based on the:
             374          (A) extent of the release;
             375          (B) impact of the release; and
             376          (C) services provided by the certified underground storage tank consultant;
             377          (ii) pay, per release, costs for one certified underground storage tank consultant agreed
             378      to by all third parties claiming damages or injury;
             379          (iii) include costs paid in the coverage limits allowed under Section 19-6-419 ; and
             380          (iv) not pay legal costs of third parties;
             381          (b) review and give careful consideration to reports and recommendations provided by
             382      a certified underground storage tank consultant hired by a third party; and
             383          (c) make reports and recommendations provided under Subsection (4)(b) available on
             384      the Division of Environmental Response and Remediation's website.
             385          (5) The director may loan, in accordance with this section, money available in the fund
             386      to a person to be used for:
             387          (a) upgrading an underground storage tank;
             388          (b) replacing an underground storage tank; or
             389          (c) permanently closing an underground storage tank.
             390          (6) A person may apply to the director for a loan under Subsection (5) if all tanks
             391      owned or operated by that person are in substantial compliance with all state and federal
             392      requirements or will be brought into substantial compliance using money from the fund.
             393          (7) The director shall consider loan applications under Subsection (6) to meet the
             394      following objectives:
             395          (a) support availability of gasoline in rural parts of the state;
             396          (b) support small businesses; and
             397          (c) reduce the threat of a petroleum release endangering the environment.


             398          (8) (a) A loan made under this section may not be for more than:
             399          (i) $150,000 for all tanks at any one facility;
             400          (ii) $50,000 per tank; and
             401          (iii) 80% of the total cost of:
             402          (A) upgrading an underground storage tank;
             403          (B) replacing an underground storage tank; or
             404          (C) permanently closing an underground storage tank.
             405          (b) A loan made under this section shall:
             406          (i) have a fixed annual interest rate of 0%;
             407          (ii) have a term no longer than 10 years;
             408          (iii) be made on the condition the loan applicant obtains adequate security for the loan
             409      as established by board rule under Subsection (8); and
             410          (iv) comply with rules made by the board under Subsection (8).
             411          (8) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
             412      board shall make rules establishing:
             413          (a) form, content, and procedure for a loan application;
             414          (b) criteria and procedures for prioritizing a loan application;
             415          (c) requirements and procedures for securing a loan;
             416          (d) procedures for making a loan;
             417          (e) procedures for administering and ensuring repayment of a loan, including late
             418      payment penalties;
             419          (f) procedures for recovering on a defaulted loan; and
             420          (g) the maximum amount of the fund that may be used for loans.
             421          (9) A decision by the director to loan money from the fund and otherwise administer
             422      the fund is not subject to Title 63G, Chapter 4, Administrative Procedures Act.
             423          (10) The Legislature shall appropriate money from the fund to the department for the
             424      administration costs associated with making loans under this section.
             425          (11) The director may enter into an agreement with a public entity or private
             426      organization to perform a task associated with administration of loans made under this section.
             427          Section 7. Section 19-6-410.5 is amended to read:
             428           19-6-410.5. Environmental Assurance Program -- Participant fee -- State Tax


             429      Commission administration, collection, and enforcement of tax.
             430          (1) As used in this section:
             431          (a) "Cash balance" means cash plus investments and current accounts receivable minus
             432      current accounts payable, excluding the liabilities estimated by the executive director.
             433          (b) "Commission" means the State Tax Commission, as defined in Section 59-1-101 .
             434          (2) (a) There is created an Environmental Assurance Program.
             435          (b) The program shall provide to a participating owner or operator, upon payment of
             436      the fee imposed under Subsection (4), assistance with satisfying the financial responsibility
             437      requirements of 40 C.F.R., Part 280, Subpart H, by providing funds from the Petroleum
             438      Storage Tank Trust Fund established in Section 19-6-409 , subject to the terms and conditions
             439      of Chapter 6, Part 4, Underground Storage Tank Act, and rules implemented under that part.
             440          (3) (a) Subject to Subsection (3)(b), participation in the program is voluntary.
             441          (b) An owner or operator seeking to satisfy financial responsibility requirements
             442      through the program shall use the program for all petroleum underground storage tanks that the
             443      owner or operator owns or operates.
             444          (4) (a) There is assessed an environmental assurance fee of [1/2] 13/20 cent per gallon
             445      on the first sale or use of petroleum products in the state.
             446          (b) The environmental assurance fee and any other revenue collected under this section
             447      shall be deposited in the Petroleum Storage Tank Trust Fund created in Section 19-6-409 and
             448      used solely for the purposes listed in Section 19-6-409 .
             449          (5) (a) The commission shall administer, collect, and enforce the fee imposed under
             450      this section according to the same procedures used in the administration, collection, and
             451      enforcement of the state sales and use tax under:
             452          (i) Title 59, Chapter 1, General Taxation Policies; and
             453          (ii) Title 59, Chapter 12, Part 1, Tax Collection.
             454          (b) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
             455      commission shall make rules to establish:
             456          (i) the method of payment of the environmental assurance fee;
             457          (ii) the procedure for reimbursement or exemption of an owner or operator that does
             458      not participate in the program, including an owner or operator of an above ground storage tank;
             459      and


             460          (iii) the procedure for confirming with the department that an owner or operator
             461      qualifies for reimbursement or exemption under Subsection (5)(b)(ii).
             462          (c) The commission may retain an amount not to exceed 2.5% of fees collected under
             463      this section for the cost to the commission of rendering its services.
             464          (d) By January 1, 2015, the division shall, by rule create:
             465          (i) a model for assessing the risk profile of each facility participating in the program,
             466      for purposes of qualifying for a rebate of a portion of the environmental assurance fee
             467      described in Subsection (4) collected from an owner or operator that participates in the
             468      program; and
             469          (ii) a rebate schedule listing the amount of the environmental assurance fee that an
             470      owner or operator participating in the program may qualify for based on risk profiles
             471      determined by the model developed under Subsection (5)(d)(i).
             472          (e) The rebate described in Subsection (5)(d):
             473          (i) may not exceed 40% of the actual fee collected from an owner or operator of a
             474      low-risk underground storage tank as defined in the risk-based model developed under section
             475      (5)(d);
             476          (ii) is administered on a per facility basis;
             477          (iii) is based on the facility's risk profile at the end of the prior calendar year;
             478          (iv) is only applicable to an environmental assurance fee collected after December 30,
             479      2014; and
             480          (v) shall be claimed in the form of a refund from the commission.
             481          (f) The refund described in Subsection (5)(e)(v) may be claimed on a monthly basis.
             482          (6) (a) The person responsible for payment of the fee under this section shall, by the
             483      last day of the month following the month in which the sale occurs:
             484          (i) complete and submit the form prescribed by the commission; and
             485          (ii) pay the fee to the commission.
             486          (b) (i) The penalties and interest for failure to file the form or to pay the environmental
             487      assurance fee are the same as the penalties and interest under Sections 59-1-401 and 59-1-402 .
             488          (ii) The commission shall deposit penalties and interest collected under this section in
             489      the Petroleum Storage Tank Trust Fund.
             490          (c) The commission shall report to the department a person who is delinquent in


             491      payment of the fee under this section.
             492          (7) (a) (i) If the cash balance of the Petroleum Storage Tank Trust Fund on June 30 of
             493      any year exceeds $30,000,000, the assessment of the environmental assurance fee as provided
             494      in Subsection (4) is reduced to 1/4 cent per gallon beginning November 1.
             495          (ii) The reduction under this Subsection (7)(a) remains in effect until modified by the
             496      Legislature in a general or special session.
             497          (b) The commission shall determine the cash balance of the fund each year as of June
             498      30.
             499          (c) Before September 1 of each year, the department shall provide the commission with
             500      the accounts payable of the fund as of June 30.
             501          (8) The department shall:
             502          (a) (i) study the adverse selection of participants in the program and the actuarial
             503      deficit of the fund;
             504          (ii) obtain an actuarial study and related consultation that provides the necessary
             505      calculations to minimize adverse selection in the program and the actuarial deficit of the fund;
             506          (iii) develop a risk characterization profile for participants in the program and
             507      recommend a fee schedule based on fair market rates;
             508          (iv) develop a strategy to reduce the negative equity balance of the fund and, based on
             509      the fee schedule described in Subsection (8)(a)(iii), a corresponding time schedule showing an
             510      actuarial reduction in the negative equity balance of the fund; and
             511          (v) identify and study other adverse impacts to the program and the fund; and
             512          (b) based on the information obtained and developed under Subsection (8)(a), prepare a
             513      recommendation to implement a strategy to minimize adverse selection of participants in the
             514      program and eliminate or reduce the actuarial deficit of the fund.
             515          (9) The department shall report to the Natural Resources, Agriculture, and
             516      Environment Interim Committee before December 31, 2013, regarding:
             517          (a) the information obtained and developed under Subsection (8)(a); and
             518          (b) the recommendation prepared under Subsection (8)(b).
             519          Section 8. Section 19-6-411 is amended to read:
             520           19-6-411. Petroleum storage tank fee for program participants.
             521          (1) In addition to the underground storage tank registration fee paid in Section


             522      19-6-408 , the owner or operator of a petroleum storage tank who elects to participate in the
             523      environmental assurance program under Section 19-6-410.5 shall also pay an annual petroleum
             524      storage tank fee to the department for each facility as follows:
             525          (a) an annual fee of:
             526          (i) $450 for each tank in a facility with an annual facility throughput rate of 70,000
             527      gallons or less;
             528          [(i) $50] (ii) $150 for each tank in a facility with an annual facility throughput rate of
             529      [400,000] greater than 70,000 gallons [or less]; and
             530          [(ii) $150 for each tank in a facility with an annual facility throughput rate of more
             531      than 400,000 gallons; and]
             532          (iii) [$150] $450 for each tank in a facility regarding which:
             533          (A) the facility's throughput rate is not reported to the department within 30 days after
             534      the date this throughput information is requested by the department; or
             535          (B) the owner or operator elects to pay the fee under this Subsection (1)(a)(iii), rather
             536      than report under Subsection (1)(a)(i) or (ii); and
             537          (b) for any new tank:
             538          (i) that is installed to replace an existing tank at an existing facility, any annual
             539      petroleum storage tank fee paid for the current fiscal year for the existing tank is applicable to
             540      the new tank; and
             541          (ii) installed at a new facility or at an existing facility, which is not a replacement for
             542      another existing tank, the fees are as provided in Subsection (1)(a)(ii) [of this section].
             543          (2) (a) As a condition of receiving a permit and being eligible for benefits under
             544      Section 19-6-419 from the Petroleum Storage Tank Trust Fund, each underground storage tank
             545      installation company shall pay to the department the following fees to be deposited in the fund:
             546          (i) an annual fee of:
             547          (A) $2,000 per underground storage tank installation company if the installation
             548      company has installed 15 or fewer underground storage tanks within the 12 months preceding
             549      the fee due date; or
             550          (B) $4,000 per underground storage tank installation company if the installation
             551      company has installed 16 or more underground storage tanks within the 12 months preceding
             552      the fee due date; and


             553          (ii) $200 for each underground storage tank installed in the state, to be paid prior to
             554      completion of installation.
             555          (b) The board shall make rules specifying which portions of an underground storage
             556      tank installation shall be subject to the permitting fees when less than a full underground
             557      storage tank system is installed.
             558          (3) (a) Fees under Subsection (1) are due on or before July 1 annually.
             559          (b) If the department does not receive the fee on or before July 1, the department shall
             560      impose a late penalty of $60 per facility.
             561          (c) (i) The fee and the late penalty accrue interest at 12% per annum.
             562          (ii) If the fee, the late penalty, and all accrued interest are not received by the
             563      department within 60 days after July 1, the eligibility of the owner or operator to receive
             564      payments for claims against the fund lapses on the 61st day after July 1.
             565          (iii) In order for the owner or operator to reinstate eligibility to receive payments for
             566      claims against the fund, the owner or operator shall meet the requirements of Subsection
             567      19-6-428 (3).
             568          (4) (a) (i) Fees under Subsection (2)(a)(i) are due on or before July 1 annually. If the
             569      department does not receive the fees on or before July 1, the department shall impose a late
             570      penalty of $60 per installation company. The fee and the late penalty accrue interest at 12% per
             571      annum.
             572          (ii) If the fee, late penalty, and all accrued interest due are not received by the
             573      department within 60 days after July 1, the underground storage tank installation company's
             574      permit and eligibility to receive payments for claims against the fund lapse on the 61st day after
             575      July 1.
             576          (b) (i) Fees under Subsection (2)(a)(ii) are due prior to completion of installation. If
             577      the department does not receive the fees prior to completion of installation, the department
             578      shall impose a late penalty of $60 per facility. The fee and the late penalty accrue interest at
             579      12% per annum.
             580          (ii) If the fee, late penalty, and all accrued interest are not received by the department
             581      within 60 days after the underground storage tank installation is completed, eligibility to
             582      receive payments for claims against the fund for that tank lapse on the 61st day after the tank
             583      installation is completed.


             584          (c) The director may not reissue the underground storage tank installation company
             585      permit until the fee, late penalty, and all accrued interest are received by the department.
             586          (5) If the executive director determines that the fees established in Subsections (1) and
             587      (2) and the environmental assurance fee established in Section 19-6-410.5 are insufficient to
             588      maintain the fund on an actuarially sound basis, the executive director may petition the
             589      Legislature to increase the petroleum storage tank and underground storage tank installation
             590      company permit fees, and the environmental assurance fee to a level that will sustain the fund
             591      on an actuarially sound basis.
             592          (6) The director may waive all or part of the fees required to be paid on or before May
             593      5, 1997, for a petroleum storage tank under this section if no fuel has been dispensed from the
             594      tank on or after July 1, 1991.
             595          (7) (a) The director shall issue a certificate of compliance to the owner or operator of a
             596      petroleum storage tank or underground storage tank, for which payment of fees has been made
             597      and other requirements have been met to qualify for a certificate of compliance under this part.
             598          (b) The board shall make rules providing for the identification, through a tag or other
             599      readily identifiable method, of a petroleum storage tank or underground storage tank under
             600      Subsection (7)(a) that does not qualify for a certificate of compliance under this part.
             601          Section 9. Section 19-6-414 is amended to read:
             602           19-6-414. Grounds for revocation of certificate of compliance and ineligibility for
             603      payment of costs from fund.
             604          (1) If the director determines that any of the requirements of Subsection 19-6-412 (2)
             605      [and], Section 19-6-413 , or Subsection 19-6-420 (2) have not been met, the director shall notify
             606      the owner or operator by certified mail that:
             607          (a) [his] the owner or operator's certificate of compliance may be revoked;
             608          (b) if [he] the owner or operator is participating in the program, [he] the owner or
             609      operator is violating the eligibility requirements for the fund; and
             610          (c) [he] the owner or operator shall demonstrate [his] the owner or operator's
             611      compliance with this part within 60 days after receipt of the notification or [his] the certificate
             612      of compliance will be revoked and if participating in the program [he] the owner or operator
             613      will be ineligible to receive payment for claims against the fund.
             614          (2) If the director determines the owner's or operator's compliance problems have not


             615      been resolved within 60 days after receipt of the notification in Subsection (1), the director
             616      shall send written notice to the owner or operator that the owner's or operator's certificate of
             617      compliance is revoked and he is no longer eligible for payment of costs from the fund.
             618          (3) Revocation of certificates of compliance may be appealed to the executive director.
             619          Section 10. Section 19-6-420 is amended to read:
             620           19-6-420. Releases -- Abatement actions -- Corrective actions.
             621          (1) If the director determines that a release from a petroleum storage tank has occurred,
             622      [he] the director shall:
             623          (a) identify and name as many of the responsible parties as reasonably possible; and
             624          (b) determine which responsible parties, if any, are covered by the fund regarding the
             625      release in question.
             626          (2) Regardless of whether the tank generating the release is covered by the fund, the
             627      director may:
             628          (a) order the owner or operator to take abatement, or investigative[,] or corrective
             629      action, including the submission of a corrective action plan; and
             630          (b) if the owner or operator fails to [take any of the abatement, investigative, or
             631      corrective] comply with the action ordered by the director under Subsection (2)(a), the director
             632      may take [any] one or more of the following actions:
             633          (i) subject to the conditions in this part, use money from the fund, if the tank involved
             634      is covered by the fund, state cleanup appropriation, or the Petroleum Storage Tank Cleanup
             635      Fund created under Section 19-6-405.7 to perform investigative, abatement, or corrective
             636      action;
             637          (ii) commence an enforcement proceeding;
             638          (iii) enter into agreements or issue orders as allowed by Section 19-6-424.5 ; [or]
             639          (iv) recover costs from responsible parties equal to their proportionate share of liability
             640      as determined by Section 19-6-424.5 [.]; or
             641          (v) where the owner or operator is the responsible party, revoke the responsible party's
             642      certificate of compliance, as described in Section 19-6-414 .
             643          (3) (a) Subject to the limitations established in Section 19-6-419 , the director shall
             644      provide money from the fund for abatement action for a release generated by a tank covered by
             645      the fund if:


             646          (i) the owner or operator takes the abatement action ordered by the director; and
             647          (ii) the director approves the abatement action.
             648          (b) If a release presents the possibility of imminent and substantial danger to the public
             649      health or the environment, the owner or operator may take immediate abatement action and
             650      petition the director for reimbursement from the fund for the costs of the abatement action. If
             651      the owner or operator can demonstrate to the satisfaction of the director that the abatement
             652      action was reasonable and timely in light of circumstances, the director shall reimburse the
             653      petitioner for costs associated with immediate abatement action, subject to the limitations
             654      established in Section 19-6-419 .
             655          (c) The owner or operator shall notify the director within 24 hours of the abatement
             656      action taken.
             657          (4) (a) If the director determines corrective action is necessary, the director shall order
             658      the owner or operator to submit a corrective action plan to address the release.
             659          (b) If the owner or operator submits a corrective action plan, the director shall review
             660      the corrective action plan and approve or disapprove the plan.
             661          (c) In reviewing the corrective action plan, the director shall consider the following:
             662          (i) the threat to public health;
             663          (ii) the threat to the environment; and
             664          (iii) the cost-effectiveness of alternative corrective actions.
             665          (5) If the director approves the corrective action plan or develops his own corrective
             666      action plan, [he] the director shall:
             667          (a) approve the estimated cost of implementing the corrective action plan;
             668          (b) order the owner or operator to implement the corrective action plan;
             669          (c) (i) if the release is covered by the fund, determine the amount of fund money to be
             670      allocated to an owner or operator to implement a corrective action plan; and
             671          (ii) subject to the limitations established in Section 19-6-419 , provide money from the
             672      fund to the owner or operator to implement the corrective action plan.
             673          (6) (a) The director may not distribute any money from the fund for corrective action
             674      until the owner or operator obtains the director's approval of the corrective action plan.
             675          (b) An owner or operator who begins corrective action without first obtaining approval
             676      from the director and who is covered by the fund may be reimbursed for the costs of the


             677      corrective action, subject to the limitations established in Section 19-6-419 , if:
             678          (i) the owner or operator submits the corrective action plan to the director within seven
             679      days after beginning corrective action; and
             680          (ii) the director approves the corrective action plan.
             681          (7) If the director disapproves the plan, [he] the director shall solicit a new corrective
             682      action plan from the owner or operator.
             683          (8) If the director disapproves the second corrective action plan, or if the owner or
             684      operator fails to submit a second plan within a reasonable time, the director may:
             685          (a) develop [his own] an alternative corrective action plan; and
             686          (b) act as authorized under Subsections (2) and (5).
             687          (9) (a) When notified that the corrective action plan has been implemented, the director
             688      shall inspect the location of the release to determine whether or not the corrective action has
             689      been properly performed and completed.
             690          (b) If the director determines the corrective action has not been properly performed or
             691      completed, [he] the director may issue an order requiring the owner or operator to complete the
             692      corrective action within the time specified in the order.
             693          (10) (a) For releases not covered by the fund, the director may recover from the
             694      responsible party expenses incurred by the division for managing and overseeing the
             695      abatement, and investigation or corrective action of the release. These expenses shall be:
             696          (i) billed quarterly per release;
             697          (ii) due within thirty days of billing;
             698          (iii) deposited with the division as dedicated credits;
             699          (iv) used by the division for the administration of the underground storage tank
             700      program outlined in this part; and
             701          (v) billed per hourly rates as established under Section 63J-1-504 .
             702          (b) If the responsible party fails to pay expenses under Subsection 10(a), the director
             703      may:
             704          (i) revoke the responsible party's certificate of compliance, as described in Section
             705      19-6-414 , if the responsible party is also the owner or operator; and
             706          (ii) pursue an action to collect expenses in Subsection 10(a), including the costs of
             707      collection.


             708          Section 11. Section 19-8-119 is amended to read:
             709           19-8-119. Apportionment or contribution.
             710          (1) Any party who incurs costs under a voluntary agreement entered into under this part
             711      in excess of his liability may seek contribution in an action in district court from any other
             712      party who is or may be liable under Subsection 19-6-302 (21) or 19-6-402 [(27)](26) for the
             713      excess costs after providing written notice to any other party that the party bringing the action
             714      has entered into a voluntary agreement and will incur costs.
             715          (2) In resolving claims made under Subsection (1), the court shall allocate costs using
             716      the standards in Subsection 19-6-310 (2).
             717          Section 12. Section 63A-3-205 is amended to read:
             718           63A-3-205. Revolving loan funds -- Standards and procedures -- Annual report.
             719          (1) As used in this section, "revolving loan fund" means:
             720          (a) the Water Resources Conservation and Development Fund, created in Section
             721      73-10-24 ;
             722          (b) the Water Resources Construction Fund, created in Section 73-10-8 ;
             723          (c) the Water Resources Cities Water Loan Fund, created in Section 73-10-22 ;
             724          (d) the Clean Fuel Conversion Funds, created in Title 19, Chapter 1, Part 4, Clean
             725      Fuels and Vehicle Technology Program Act;
             726          (e) the Water Development Security Fund and its subaccounts, created in Section
             727      73-10c-5 ;
             728          (f) the Agriculture Resource Development Fund, created in Section 4-18-106 ;
             729          (g) the Utah Rural Rehabilitation Fund, created in Section 4-19-4 ;
             730          (h) the Permanent Community Impact Fund, created in Section 35A-8-603 ;
             731          (i) the Petroleum Storage Tank [Loan] Trust Fund, created in Section [ 19-6-405.3 ]
             732      19-6-409 ;
             733          (j) the Uintah Basin Revitalization Fund, created in Section 35A-8-1602 ;
             734          (k) the Navajo Revitalization Fund, created in Section 35A-8-1704 ; and
             735          (l) the Energy Efficiency Fund, created in Section 11-45-201 .
             736          (2) The division shall for each revolving loan fund:
             737          (a) make rules establishing standards and procedures governing:
             738          (i) payment schedules and due dates;


             739          (ii) interest rate effective dates;
             740          (iii) loan documentation requirements; and
             741          (iv) interest rate calculation requirements; and
             742          (b) make an annual report to the Legislature containing:
             743          (i) the total dollars loaned by that fund during the last fiscal year;
             744          (ii) a listing of each loan currently more than 90 days delinquent, in default, or that was
             745      restructured during the last fiscal year;
             746          (iii) a description of each project that received money from that revolving loan fund;
             747          (iv) the amount of each loan made to that project;
             748          (v) the specific purpose for which the proceeds of the loan were to be used, if any;
             749          (vi) any restrictions on the use of the loan proceeds;
             750          (vii) the present value of each loan at the end of the fiscal year calculated using the
             751      interest rate paid by the state on the bonds providing the revenue on which the loan is based or,
             752      if that is unknown, on the average interest rate paid by the state on general obligation bonds
             753      issued during the most recent fiscal year in which bonds were sold; and
             754          (viii) the financial position of each revolving loan fund, including the fund's cash
             755      investments, cash forecasts, and equity position.
             756          Section 13. Section 63B-1b-102 is amended to read:
             757           63B-1b-102. Definitions.
             758          As used in this chapter:
             759          (1) "Agency bonds" means any bond, note, contract, or other evidence of indebtedness
             760      representing loans or grants made by an authorizing agency.
             761          (2) "Authorized official" means the state treasurer or other person authorized by a bond
             762      document to perform the required action.
             763          (3) "Authorizing agency" means the board, person, or unit with legal responsibility for
             764      administering and managing revolving loan funds.
             765          (4) "Bond document" means:
             766          (a) a resolution of the commission; or
             767          (b) an indenture or other similar document authorized by the commission that
             768      authorizes and secures outstanding revenue bonds from time to time.
             769          (5) "Commission" means the State Bonding Commission, created in Section


             770      63B-1-201 .
             771          (6) "Revenue bonds" means any special fund revenue bonds issued under this chapter.
             772          (7) "Revolving Loan Funds" means:
             773          (a) the Water Resources Conservation and Development Fund, created in Section
             774      73-10-24 ;
             775          (b) the Water Resources Construction Fund, created in Section 73-10-8 ;
             776          (c) the Water Resources Cities Water Loan Fund, created in Section 73-10-22 ;
             777          (d) the Clean Fuel Conversion Funds, created in Title 19, Chapter 1, Part 4, Clean
             778      Fuels and Vehicle Technology Program Act;
             779          (e) the Water Development Security Fund and its subaccounts, created in Section
             780      73-10c-5 ;
             781          (f) the Agriculture Resource Development Fund, created in Section 4-18-106 ;
             782          (g) the Utah Rural Rehabilitation Fund, created in Section 4-19-4 ;
             783          (h) the Permanent Community Impact Fund, created in Section 35A-8-303 ;
             784          (i) the Petroleum Storage Tank [Loan] Trust Fund, created in Section [ 19-6-405.3 ]
             785      19-6-409 ; and
             786          (j) the Transportation Infrastructure Loan Fund, created in Section 72-2-202 .
             787          Section 14. Section 63B-1b-202 is amended to read:
             788           63B-1b-202. Custodial officer -- Powers and duties.
             789          (1) (a) There is created within the Division of Finance an officer responsible for the
             790      care, custody, safekeeping, collection, and accounting of all bonds, notes, contracts, trust
             791      documents, and other evidences of indebtedness:
             792          (i) owned or administered by the state or any of its agencies; and
             793          (ii) except as provided in Subsection (1)(b), relating to revolving loan funds.
             794          (b) Notwithstanding Subsection (1)(a), the officer described in Subsection (1)(a) is not
             795      responsible for the care, custody, safekeeping, collection, and accounting of a bond, note,
             796      contract, trust document, or other evidence of indebtedness relating to the:
             797          (i) Agriculture Resource Development Fund, created in Section 4-18-106 ;
             798          (ii) Utah Rural Rehabilitation Fund, created in Section 4-19-4 ;
             799          (iii) Petroleum Storage Tank [Loan] Trust Fund, created in Section [ 19-6-405.3 ]
             800      19-6-409 ;


             801          (iv) Olene Walker Housing Loan Fund, created in Section 35A-8-502 ;
             802          (v) Business Development for Disadvantaged Rural Communities Restricted Account,
             803      created in Section 63M-1-2003 ; and
             804          (vi) Brownfields Fund, created in Section 19-8-120 .
             805          (2) (a) Each authorizing agency shall deliver to this officer for the officer's care,
             806      custody, safekeeping, collection, and accounting all bonds, notes, contracts, trust documents,
             807      and other evidences of indebtedness:
             808          (i) owned or administered by the state or any of its agencies; and
             809          (ii) except as provided in Subsection (1)(b), relating to revolving loan funds.
             810          (b) This officer shall:
             811          (i) establish systems, programs, and facilities for the care, custody, safekeeping,
             812      collection, and accounting for the bonds, notes, contracts, trust documents, and other evidences
             813      of indebtedness submitted to the officer under this Subsection (2); and
             814          (ii) shall make available updated reports to each authorizing agency as to the status of
             815      loans under their authority.
             816          (3) The officer described in Section 63B-1b-201 shall deliver to the officer described in
             817      Subsection (1)(a) for the care, custody, safekeeping, collection, and accounting by the officer
             818      described in Subsection (1)(a) of all bonds, notes, contracts, trust documents, and other
             819      evidences of indebtedness closed as provided in Subsection 63B-1b-201 (2)(b).
             820          Section 15. Section 63I-2-219 is enacted to read:
             821          63I-2-219. Repeal dates -- Title 19.
             822          (1) Section 19-6-405.3 is repealed July 1, 2014.
             823          (2) Section 19-6-405.4 is repealed July 1, 2014.
             824          Section 16. Effective date.
             825          (1) Except as provided in Subsections (2), (3), and (4) this bill takes effect on May 13,
             826      2014.
             827          (2) The amendments to Section 19-6-409 take effect on July 1, 2014.
             828          (3) The amendments to Section 19-6-410.5 take effect on January 1, 2015.
             829          (4) The amendments to Section 19-6-420 take effect on July 1, 2015.


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