1. A. An annual permit fee of not more than Twenty-five Dollars ($25.00) per tank shall be assessed by the Corporation Commission upon each owner or operator of a storage tank system for petroleum products. Such fee shall be assessed upon each storage tank owned or operated by such owner or operator.

2. B. Failure to pay the fees required by subsection A of this section shall subject an owner or operator of a storage tank system to:

   1. 1. A penalty of fifty percent (50%) of the computed total fee due and owing by such owner and operator; or
   2. 2. Suspension or nonrenewal of the permit to operate such system issued by the Commission until payment of such fees or penalty, or both, so assessed; or
   3. 3. Both such penalty and permit suspension or nonrenewal.

Laws 1991, HB 1415, c. 181, § 9, emerg. eff. July 1, 1991; Amended by Laws 1993, SB 455, c. 344, § 7, emerg. eff. June 9, 1993; Amended by Laws 1998, SB 27, c. 375, § 15, emerg. eff. June 9, 1998 (superseded document available).