§342L-51  Leaking underground storage tank
fund.  (a)  The department shall establish a revolving fund within the
department which shall consist of moneys appropriated to the fund through
federal grants, moneys appropriated to the fund by the legislature, moneys paid
to the fund as a result of departmental compliance proceedings, moneys paid to
the fund pursuant to court-ordered awards or judgments, moneys paid to the fund
in court-approved or out-of-court settlements, and moneys given to the fund
from other sources.



(b)  Moneys from the fund shall be expended by
the department for the sole purpose of responding to petroleum releases from
underground storage tanks or tank systems in a manner consistent with this
chapter.



(c)  Moneys in the fund, which were
appropriated to the fund through a federal grant and which have been collected
by the department as part of its cost recovery efforts pursuant to section
342L-53, may be paid to the federal government when such repayment is required
by a condition in the relevant federal grant. [L 1989, c 212, pt of §6; am L
1992, c 259, §30]



 



Note



 



  Transfer of certain interest earnings to the general fund
until June 30, 2015. L 2009, c 79, §30(a)(33).