Relating to the establishment of a theft of petroleum products task force.

Contracts

• Security Vendor Agreements: Review current contracts with site security and monitoring providers. Ensure terms allow for flexibility to upgrade technology (e.g., digital ticketing, flow monitoring) without excessive penalties, as the Task Force may recommend specific technological standards by 2027.
• Transport MSAs: No immediate amendment required. However, prepare to revise Master Service Agreements to clarify liability for product "shrinkage" or theft in transit, as the Task Force is mandated to study sales tax impacts of theft.

Hiring/Training

• No immediate hiring requirements.
• Internal Audit: Designate a current compliance officer or operations manager to aggregate internal data regarding product loss and theft incidents. This data will be essential to defend against onerous regulations during the Task Force's fact-finding phase.

Reporting & Record-Keeping

• No new statutory forms.
• Data Preparation: The Task Force will request data on "issues relating to the theft of petroleum products." Ensure your internal incident reports and loss logs are accurate and privileged where possible, anticipating RRC or Task Force inquiries.

Fees & Costs

• No new fees. The Legislative Budget Board anticipates no significant fiscal implication to the State, meaning the RRC will absorb administrative costs.
• Future Cost Warning: Anticipate potential capital expenditures for enhanced metering or security fencing post-2026 if recommended by the Task Force.