Enrolled Bill Summary

House Bill 2816 amends provisions of the Water Code relating to the fee on delivery of certain petroleum products and the termination of the petroleum storage tank (PST) program. The act restricts administrative expenses to 6.7 percent of the gross receipts of the petroleum storage tank remediation account, reduces by 25 percent the fees assessed and collected on delivery of petroleum products, and reduces the amount of the unobligated balance in the petroleum storage tank remediation account from $125 million to $100 million.

House Bill 2816 also extends the expiration date of the PST program from September 1, 2001 to September 1, 2003, and the deadline for collecting fees from September 1, 2001 to March 1, 2002. The Texas Natural Resource Conservation Commission is required to report to the Legislative Budget Board at the end of each fiscal quarter on the financial status of the PST remediation account.