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Senate Bill 0168


Senate Bill 0168

ARCHIVE (2012)

Latest Information

 

DIGEST OF SB 168 (Updated February 21, 2012 2:43 pm - DI 84)


Liability for underground storage tank fees. Provides that the state may impose a lien on the property of an owner or operator of an underground storage tank, if the owner or operator of the tank fails to register or pay certain fees. Requires the department of environmental management (department) to: (1) provide 30 days written notice before filing a lien; and (2) perfect a lien by recording the lien with the county recorder in the county in which the property is located. Provides that a bona fide purchaser is eligible to receive funds from the underground storage tank excess liability trust fund if the: (1) transferee acquires an underground storage tank as a result of a bona fide transaction; (2) transferor fails to pay any registration fees; (3) department fails to record the lien; and (4) transferee pays past due fees and interest not more than 30 days after receiving notice of indebtedness.
    Current Status:
     Law Enacted
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