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SB 122 CO
Became Law

Fuel Standards & Liability of Petroleum Storage Tank Fund

CO · session 2026A · Senate · bill

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Introduced Feb 24, 2026

Latest action (May 5, 2026) Introduced In Senate - Assigned to Business, Labor, & Technology

Summary

This bill makes two changes to Colorado's petroleum storage tank fund and fuel standards regulations. First, it allows owners or operators of underground and aboveground storage tanks to request higher liability coverage limits from the state's petroleum storage tank fund, which currently caps liability at $2 million per occurrence. The director of the Division of Oil and Public Safety and the petroleum storage tank committee can grant permission and establish a new maximum liability amount for individual operators. Second, the bill allows the director to adopt rules or guidance providing exceptions to specific requirements in ASTM International fuel standards that apply to liquid fuel products in Colorado.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

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.     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.)

Sponsors (4)
20 coauthors / cosponsors

Action history (14)
  1. May 5, 2026 Governor Signed · executive
  2. Apr 27, 2026 Sent to the Governor · executive
  3. Apr 27, 2026 Signed by the Speaker of the House · lower
  4. Apr 27, 2026 Signed by the President of the Senate · upper
  5. Apr 16, 2026 House Third Reading Passed - No Amendments · lower
  6. Apr 15, 2026 House Third Reading Laid Over Daily - No Amendments · lower
  7. Apr 14, 2026 House Second Reading Special Order - Passed - No Amendments · lower
  8. Apr 9, 2026 House Second Reading Laid Over Daily - No Amendments · lower
  9. Apr 6, 2026 House Committee on Agriculture, Water & Natural Resources Refer Unamended to House Committee of the Whole · lower
  10. Mar 25, 2026 Introduced In House - Assigned to Agriculture, Water & Natural Resources · lower
  11. Mar 24, 2026 Senate Third Reading Passed - No Amendments · upper
  12. Mar 23, 2026 Senate Second Reading Passed with Amendments - Floor · upper
  13. Mar 17, 2026 Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole · upper
  14. Feb 24, 2026 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
Subjects
Labor & Employment

Full text

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