Okla. Stat. tit. 17, § 17-321

A. It is the intent of the Legislature that the regulation of

spills and releases from petroleum storage tanks, oversight of

petroleum storage tank environmental cleanups, and the reimbursement

of claims for costs incurred for petroleum storage tank

environmental cleanups be administered by a single division of the

Corporation Commission, the Petroleum Storage Tank Division.

B. This act shall be known and may be cited as the "Oklahoma

Petroleum Storage Tank Reform Act".

Oklahoma Statutes - Title 17. Corporation Commission Page 235

C. The purpose of the Oklahoma Petroleum Storage Tank Reform

Act is to provide for the administration of the various programs

within the Corporation Commission regulating the release or spilling

of fuel from petroleum storage tanks and to:

1. Eliminate overlap and duplication of effort;

2. Provide that petroleum storage tank regulatory concerns of

industry and the public shall be addressed in an expedient manner;

and

3. Better utilize financial resources for petroleum storage

tank regulatory services, administration, and reimbursement of

claims for environmental cleanup by the Petroleum Storage Tank

Indemnity Fund.

D. The Storage Tank Advisory Council shall make recommendations

and the Corporation Commission shall adopt rules to implement the

provisions of this act by January 1, 1999. These rules shall

include procedural rules specifically designed for the adjudication

of cases within the jurisdiction of the Division.

E. The provisions of this act shall be applicable to all

current, pending, past and future contracts, claims and cases within

the jurisdiction of the Division, provided that this subsection

shall not apply, nor be construed to authorize or permit the

reopening or re-review of the underlying claim or claims of any

cases which were formally settled pursuant to a formal settlement

agreement or in which a final order was entered by the Corporation

Commission. Further, the provisions of this act shall not change or

modify the terms of pay for performance or purchase order contracts

entered into prior to the effective date of this act.