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House approves temporary fee hike and $20 million cap to shore up underground storage tank fund
Summary
The House passed Senate Bill 85 to raise a fee on underground storage tanks to replenish a depleting fund, cap deposits at $20 million and require legislative reauthorization if the fund later drains. Sponsors said the fund holds about $11 million now.
The Utah House on Feb. 12 approved Senate Bill 85, a measure to raise the fee on underground storage tanks temporarily to shore up a shrinking remediation fund and set guardrails for future adjustments. Sponsor said the fee increase would raise the charge to a half-cent and place an upper cap of $20,000,000 on the fund; if the cap is reached the fee would…
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