Establishes a sunset for pipeline safety assessments in Minnesota.

The bill amends Minnesota Statutes to establish a sunset for pipeline safety assessments. It reduces the annual assessment amount to $2,800,000, divided equally between railroad and pipeline companies based on the yearly aggregate gallons of oil and other hazardous substances transported by pipeline in Minnesota. The bill also modifies the assessment formula for railroads and pipeline companies, with railroads now assessed 100% and pipeline companies 30% of the total annual assessment amount. The changes take effect January 1, 2027.

Establishes a sunset for pipeline safety assessments in Minnesota.

The bill amends Minnesota Statutes to establish a sunset for pipeline safety assessments. It reduces the annual assessment amount to $2,800,000, divided equally between railroad and pipeline companies based on the yearly aggregate gallons of oil and other hazardous substances transported by pipeline in Minnesota. The bill also modifies the assessment formula for railroads and pipeline companies, with railroads now assessed 100% and pipeline companies 30% of the total annual assessment amount. The changes take effect January 1, 2027.