Sec. 1. 38 MRSA §569-A, sub-§5, ĥE, as enacted by PL 1995, c. 399, §11 and affected by §21, is amended to read:

E. If the fund balance is reduced to $3,000,000 $5,000,000 or less, the Fund Insurance Review Board may adopt rules increasing the fees imposed under paragraph A by up to 10˘ per barrel for gasoline and up to 5˘ per barrel for other petroleum products, except liquid asphalt and #6 fuel oil, as necessary to avoid a shortfall in the fund. The board may use the emergency rule-making procedures under Title 5, section 8054 if necessary to ensure that the fee increase is instituted in time to avoid a shortfall. Any fee increase adopted pursuant to this paragraph terminates and the fees imposed under paragraph A apply when the fund balance reaches $5,000,000 $7,000,000.

SUMMARY

This bill raises the amount of the Ground Water Oil Clean-up fund balance of which surcharge fees can be charged from $3,000,000 to $5,000,000. The fees terminate when the fund balance reaches $7,000,000, rather than $5,000,000.