PRINTER'S NO. 722
No. 653 Session of 2001
INTRODUCED BY MUSTO, LOGAN, O'PAKE, STOUT, TOMLINSON,
TARTAGLIONE, BOSCOLA, SCHWARTZ AND LEMMOND, MARCH 20, 2001
REFERRED TO ENVIRONMENTAL RESOURCES AND ENERGY, MARCH 20, 2001
AN ACT
1 Amending the act of July 6, 1989 (P.L.169, No.32), entitled, as
2 amended, "An act providing for the regulation of storage
3 tanks and tank facilities; imposing additional powers and
4 duties on the Department of Environmental Protection and the
5 Environmental Quality Board; and making an appropriation,"
6 authorizing a political subdivision property tax program.
7 The General Assembly of the Commonwealth of Pennsylvania
8 hereby enacts as follows:
9 Section 1. The act of July 6, 1989 (P.L.169, No.32), known
10 as the Storage Tank and Spill Prevention Act, is amended by
11 adding a section to read:
12 Section 713. Political subdivision property reassessment
13 reimbursement program.
14 (a) Establishment.--The board is hereby authorized to
15 establish a political subdivision property tax reimbursement
16 program for the purpose of reimbursing political subdivisions
17 for revenues lost due to reassessments of property.
18 Reimbursement under this program may only be made if the
19 reassessed value of property decreases as a result of a release
20 from a storage tank.
1 (b) Allocation.--The board may allocate up to $2,000,000
2 annually from the Underground Storage Tank Indemnification Fund
3 for the political subdivision property tax reimbursement program
4 as long as the allocation does not impede the actuarial
5 soundness of the fund's ability to pay claims.
6 (c) Implementation.--The board shall establish policies,
7 procedures and forms as may be necessary and appropriate in
8 order to administer the political subdivision property tax
9 reimbursement program established under this section. The
10 Department of Community and Economic Development and the
11 Department of Environmental Protection shall assist the board
12 with the implementation of this program.
13 Section 2. This act shall take effect in 60 days.
B0L27DMS/20010S0653B0722 - 2 -