ColoradoFuel Standards & Liability of Petroleum Storage Tank Fund
What it does
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.
More detail
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.(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 5Governor Jared Polis SignedBecame Law
- Apr 27Signed by the President of the SenateMajor
- Apr 27Signed by the Speaker of the HouseMajor
- Apr 27Sent to the GovernorTo Governor
- Apr 16House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 15House Third Reading Laid Over Daily - No Amendments
- Apr 14House Second Reading Special Order - Passed - No Amendments
- Apr 9House Second Reading Laid Over Daily - No Amendments
- Apr 6House Committee on Agriculture, Water & Natural Resources Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer Senate Bill 26-122 to the Committee of the Whole. Result: pass.Upper
- Vote recorded Refer Senate Bill 26-122 to the Committee of the Whole. Result: pass.Lower
- Mar 25Introduced In House - Assigned to Agriculture, Water & Natural ResourcesMinor
- Mar 24Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Mar 23Senate Second Reading Passed with Amendments - FloorMinor
- Mar 17Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the WholeMinor
- Vote recorded Refer Senate Bill 26-122 to the Committee of the Whole. Result: pass.Upper
- Feb 24Introduced In Senate - Assigned to Business, Labor, & TechnologyIntroduced