HB 417 — FUNDS/FUNDING: Increases the maximum balance of the Hazardous Waste Site Cleanup Fund (EN NO IMPACT See Note)

HLSENROLLED 26RS-731 ENGROSSED Regular Session HOUSE BILL NO.

417 BY REPRESENTATIVE ZERINGUE FUNDS/FUNDING:AN ACT To amend and reenact R.S.

IncreasesthemaximumbalanceoftheHazardousWasteSiteCleanup30:2205(A)(1), Fundrelative ANto ACTthe ToHazardous amendWaste andSite reenactCleanup R.S.Fund;toincreasethemaximumbalanceintheHazardousWasteSiteCleanupFund;

30:2205(A)(1),to relativerequireannual toincreasesto the Hazardousmaximum Wastebalanceunder Sitecertaincircumstances;to Cleanupprovide Fund;toincreasethemaximumbalanceinfor theHazardousWasteSiteCleanupFund;an effective date;

to requireannualincreasesto the maximum balanceunder certaincircumstances;to provide for an effective date;

Hazardous Waste Site Cleanup Fund A.(1) All sums recovered through judgments, settlements, assessments of civil or criminal penalties, funds recovered by suit or settlement from potentially responsiblepartiesforactiveorabandonedsiteremediationorcleanup,orotherwise under this Subtitle, or other applicable law, each fiscal year for violation of this Subtitle, shall be paid into the state treasury and shall be credited to the Bond SecurityandRedemptionFund.Afterasufficientamountisallocatedfromthatfund to pay all obligations secured by the full faith and credit of the state which become dueandpayablewithin anyfiscalyear,thetreasurer,priortoplacingsuchremaining funds in the stategeneralfund,state generalfund, shall payinto a special fund, which is herebycreated inthestatetreasuryanddesignatedasthe"HazardousWasteSiteCleanupFund",all ofthosefundsgeneratedbythehazardouswastetaxofthosefundsgeneratedbythehazardouswastetaxundertheprovisions undertheprovisions ofChapter 7-AofSubtitle IIofTitleIIof 47oftheLouisianaTitle Revised47 Statutesof theLouisianaRevisedStatutes of1950andthesums recovered through all judgments, settlements, assessments of 1950civil andthesumsor criminal penalties, fees and oversight costs received from potentially responsible parties for Page 1 of 32 CODING:

HLS 26RS-731 ENGROSSED HB NO.

417 recoveredENROLLED through all judgments, settlements, assessments of civil or criminal penalties, fees and oversight costs received from potentiallyresponsible parties for the department's work in overseeing of assessment and remediation at inactive or abandoned sites, funds recovered by suit or settlement from potentially responsible parties for active or abandoned site remediation or cleanup, or otherwise, for violationofthisSubtitle,exceptasprovidedinR.S.30:2025and2198;however,the balance in the fund shall not exceed six eight million dollars at any time and upon the accumulation of six eight million dollars in the fund, the treasurer shall pay all remaining sums provided for in this Subsection into the Environmental Trust Dedicated Fund Account, R.S.

However, beginning January 1, 2027, and thereafter,the state treasurershall annuallyadjust the maximum balanceof thefundthe bythefund by the percentage increase in the Consumer Price Index for allAll urbanUrban consumers,Consumers, asasreportedbythe reportedbytheUnitedStatesDepartmentofLabor,BureauofLaborStatistics,United oritsStates DepartmentofLabor,BureauofLaborStatistics, or its successor, for the previous calendar year.

DIGESTSPEAKER ThedigestprintedbelowwaspreparedbyHouseLegislativeOF Services.THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

ItPage constitutes2 nopart of the2 legislativeCODING: instrument.

The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] HB 417 Engrossed 2026 Regular Session Zeringue Abstract:IncreasesthemaximumbalanceoftheHazardousWasteSiteCleanupFundfrom $6M to $8M and requires annual adjustments of the maximum balance by the percentage increases in the Consumer Price Index (CPI-U).

PresentlawestablishestheHazardousWasteSiteCleanupFund(fund),whichreceivessums from the hazardous waste tax and sums recovered from judgements, settlements, and assessed civil and criminal penalties from parties responsible or potentially responsible for active or abandoned site remediation or cleanup.

Further requires monies in the fund to be usedforpurposeswhichincludesfundingtheoperatingexpensesofinactiveandabandoned sites activities, defrayingcostsassociatedwith hazardous waste sites, such as investigation, testing, containment, quarantining, control, and cleanup, and matching funds for federal grants.

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Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-731 ENGROSSED HB NO.

417 Present law limits the balance of the fund from exceeding $6M.

Further requires the treasurerto deposit all excess funds into the Environmental Trust DedicatedFundAccount.

Proposedlawretainspresentlaw,butincreasesthemaximumbalanceofthefundfrom$6M to $8M and, beginning Jan.

1, 2027, and thereafter, requires the state treasurer to annually adjust the maximum balance by the percentage increase in the CPI-U for the previous calendar year.

Effective July 1, 2026.

(Amends R.S.

30:2205(A)(1)) Page 3 of 3 CODING: