HB417

Increases the maximum balance of the Hazardous Waste Site Cleanup Fund from $6M to $8M and requires annual adjustments based on the Consumer Price.

Louisiana HB417 increases the maximum balance of the Hazardous Waste Site Cleanup Fund from $6 million to $8 million. Beginning January 1, 2027, the state treasurer must annually adjust the fund's maximum balance by the percentage increase in the Consumer Price Index for all urban consumers. The fund, which receives sums from the hazardous waste tax and sums recovered from judgments, settlements, and assessed civil and criminal penalties, is used for hazardous waste site cleanup activities.