Amend CSHB 1567 as follows:                                                  

(1)  On page 28 strike lines 11 to 27 and substitute:
	Sec. 401.241.  POSTCLOSURE CONTINGENCY FEE AND BOND. (a) The 
department annually shall collect from the compact waste disposal 
facility license holder a fee to be used to address and prevent 
unplanned events that pose a risk to public health and safety that 
occur after the compact waste disposal facility has been closed and 
decommissioned.
	(b)  The department by rule shall set the fee under 
Subsection (a) so that the aggregate amount of money in the 
low-level radioactive waste fund, including interest earned on the 
fees and payments from party states, will be $100 million on the 
35th anniversary of the date the license is issued under this 
subchapter. To the extent possible, the department shall ensure 
that annual fees collected under Subsection (a) are approximately 
equal.
	(c)  The department shall deposit a fee collected under 
Subsection (a) to the credit of the low-level radioactive waste 
fund.
	(d)  The department shall require the license holder 
annually to post a bond to insure against closure and 
decommissioning of the compact waste disposal facility before the 
amount of money in the low-level radioactive waste fund reaches 
$100 million.  A bond under this subsection must be in an amount 
that, when combined with the amount in the low-level radioactive 
waste fund, is $100 million.
	Sec. 401.2415.  LIABILITY INSURANCE.  The department shall 
require the compact waste disposal facility license holder to carry 
liability insurance.
	(2)  Strike SECTION 8 of the bill and insert the following:                    
	SECTION 8.  Section 402.275, Health and Safety Code, is 
transferred to Subchapter F, Chapter 401, Health and Safety Code, 
renumbered as Section 401.249, and amended to read as follows:
	Sec. 401.249 [402.275].  LOW-LEVEL RADIOACTIVE WASTE FUND.  
(a)  The low-level radioactive waste fund is a trust fund outside 
[in] the state treasury held by the comptroller as trustee.
	(b)  The low-level radioactive waste fund is an 
interest-bearing fund.  Interest earned on money in the fund shall 
be deposited to the credit of the fund.
	(c)  The low-level radioactive waste fund consists of:                  
		(1)  postclosure contingency fees collected under 
Section 401.241; and
		(2)  payments [Money received by the authority, 
including waste disposal fees, planning and implementation fees, 
surcharges on planning and implementation fees, processing and 
packaging fees, civil penalties, payments] made by a party state to 
a low-level radioactive waste compact entered into under Section 
401.248(b) [402.219(c), and other receipts collected by the 
authority under this chapter shall be deposited to the credit of the 
low-level radioactive waste fund].
	(d)  Money [Except as provided by Subsection (f), money] in 
the low-level radioactive waste fund may be used only to address and 
prevent unplanned events that pose a risk to public health and 
safety that may occur after decommissioning and closure of the 
compact waste disposal facility [pay:
		[(1)  operating and maintenance costs of the authority;      
		[(2)  future costs of decommissioning, closing, and 
postclosure maintenance and surveillance of the disposal site;
		[(3)  licensing fees and to provide security required 
by the commission;
		[(4)  money judgments rendered against the authority 
that are directed by a court of this state to be paid from this fund;
		[(5)  expenses associated with implementation of the 
rangeland and wildlife management plan;
		[(6)  funds for local public projects under Subchapter 
I;  
		[(7)  debt service and necessary fees and charges, 
including insurance premiums and similar costs, associated with the 
issuance and payment of bonds under Subchapter K; and
		[(8)  expenses for any other purpose under this 
chapter].  
	(e)  Section 403.095, Government Code, does not apply to the 
low-level radioactive waste fund.  [A payment for debt service and 
related costs under Subsection (d)(7) has priority for payment from 
the low-level radioactive waste fund over a payment for another 
expense authorized by Subsection (d).]
	(f)  Every six years beginning on the third even-numbered 
year after the date the license is issued under this subchapter, the 
department shall evaluate the low-level radioactive waste fund to 
determine whether the fund will be adequate to accomplish the 
objectives under Subsection (d).  The department shall report the 
results of the evaluation to the governor, lieutenant governor, and 
speaker of the house of representatives on or before December 15 of 
the year in which the evaluation is conducted.  [The authority may 
transfer money from the low-level radioactive waste fund to the 
radiation and perpetual care fund to make payments required by the 
commission under Section 401.303.]