Amend CSHB 2816 by adding a new SECTION to the bill to read
as follows:
      SECTION _____.  Chapter 26, Water Code, is amended by adding
Subchapter L to read as follows:
   SUBCHAPTER L. UNDERGROUND PETROLEUM STORAGE TANK LOAN PROGRAM
      Sec. 26.481.  LOANS TO REMOVE UNDERGROUND PETROLEUM STORAGE
TANKS.  (a) The commission by rule shall protect groundwater and
surface water sources from contamination caused by leakage from
underground petroleum storage tanks by establishing a program to
loan money to a business that owns an underground petroleum storage
tank to pay for the removal of the tank and for remediation of any
harm to the environment attributable to leakage from the tank.  The
commission may make a loan under the program at a rate of interest
determined under commission rules.
      (b) The commission by the loan contract with the borrower
under the program shall condition each loan on the business
permanently discontinuing business activities involving petroleum
storage or sales.
      (c) The commission shall require an applicant for a loan to
demonstrate that the applicant is not able to pay for the tank
removal project with the applicant's resources and is not able to
obtain a loan  from a private lending institution.  Rules of the
commission must provide that an applicant must have been denied a
loan for the tank removal project by at least two private lenders.
      (d) A loan the commission grants under the program
constitutes a lien on the real property of the business in the
amount of the loan.  The commission may require additional security
for a loan granted under the program.
      (e) The commission shall deposit money it receives as payment
for principal of or interest on a loan granted under the program to
the credit of the petroleum storage tank removal loan program
account.
      Sec. 26.482.  PETROLEUM STORAGE TANK REMOVAL LOAN PROGRAM
ACCOUNT.  (a) In this section:
            (1) "Account" means the petroleum storage tank removal
loan program account.
            (2) "Program" means the underground petroleum storage
tank loan program established under Section 26.481.
      (b) The account consists of:
            (1) money the legislature by law transfers into the
account;
            (2) interest earned on money in the account;
            (3) payments of principle and interest on loans made
under the program that are received by the commission; and
            (4) any other money deposited to the credit of the
account.
      (c) The account is an account in the general revenue fund.
The account is not subject to Section 403.095, Government Code.
Interest on the money in the account shall be credited to the
account.
      (d) Money in the account may be appropriated only for a
purpose related to:
            (1) administration of the account;
            (2) providing a loan under the program; or
            (3) administering the program.