View Amendment Current Amendment: 1 to Bill 4501 Rep. J.E. SMITH proposes the following Amendment No. 1 to H. 4501 (COUNCIL\NBD\4501C002.NBD.AC14):

Reference is to Printer's Date 2/26/14-H.

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

/      SECTION      __.      Chapter 2, Title 44 of the 1976 Code is amended by adding:

     "Section 44-2-175.      (A)(1)      Notwithstanding the provisions of Section 44-2-40(A), or any other provision of law, if the department's SUPERB Allowable Cost reimbursement, as determined by using the sixty-fifth percentile of the bid population at the time of the determination, exceeds the department's July 1, 2011, allowable rates, the Superb Account and the Superb Financial Responsibility Fund established pursuant to Section 44-2-40 are abolished six months after the date of that determination. The funds remaining in these accounts must be used for releases reported on or before the date the funds are abolished in accordance with the purposes and requirements in effect at the time of the report.
           (2)      After the date on which the funds are abolished, the owner or operator of an underground storage tank must be able to demonstrate financial responsibility sufficient to satisfy all financial responsibility requirements under C.F.R. Title 40, Part 280, Subpart H and any amendments thereto.
     (B)      After the date on which the funds are abolished, the environmental impact fee of one-half cent a gallon imposed pursuant to Section 44-2-60(C) must be credited to the Department of Transportation and used for the planning, construction, maintenance, and operation of the state highway system and such other roadways under the jurisdiction of the department."      /

Renumber sections to conform.
Amend title to conform.