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Fuel Stds & Liab of Petroleum Storage Tank Fund

Concerning liquid fuels, and, in connection therewith, increasing the maximum amount of liability of the petroleum storage tank fund for individual incidents and allowing the director of the division of oil and public safety to adopt a rule or issue policy guidance that provides exceptions to specific requirements established in an ASTM standard for petroleum products.

SB26-122 2026 Regular Session Signed into Law Labor & Employment

Cost estimates

At the first note read
$0
FACT March 13, 2026
At the last note read
$0
FACT June 23, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: No appropriation is required.

Bill summary

     Under current law, the maximum amount of liability of the petroleum storage tank fund for an individual occurrence of a leak, spill, or release of a petroleum product from an underground storage tank (occurrence) is $2,000,000. The act allows an owner or operator of an underground or aboveground storage tank (owner or operator) to exceed this amount of liability with the permission of the director of the division of oil and public safety (director) and the petroleum storage tank committee (committee). If the director and the committee grant such permission, the director and committee shall establish a new maximum amount of liability per occurrence for the owner or operator.

     Under current law, all class I, II, and III liquid fuel products must comply with the most current applicable standards of ASTM International. The act allows the director to adopt a rule or issue policy guidance that provides exceptions to specific requirements established in an ASTM standard.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)