CHAPTER 6. UNDERGROUND PETROLEUM STORAGE TANK TRUST FUND
IC 13-23-6
Chapter 6. Underground Petroleum Storage Tank Trust Fund
IC 13-23-6-1
Establishment
Sec. 1. The underground petroleum storage tank trust fund isestablished to provide a source of money for the uses set forth inIC 13-23-13-6.
As added by P.L.1-1996, SEC.13.
IC 13-23-6-2
Sources
Sec. 2. The sources of money for the fund are as follows:
(1) Grants made by the United States Environmental ProtectionAgency to the state under cooperative agreements under Section9003(h)(7) of the federal Solid Waste Disposal Act (42 U.S.C.6991b(h)(7)).
(2) Costs recovered by the state under IC 13-23-13-8 inconnection with any corrective action undertaken underIC 13-23-13-2 with respect to a release of petroleum.
(3) Costs recovered by the state in connection with theenforcement of this article with respect to any release ofpetroleum.
(4) Appropriations made by the general assembly, gifts, anddonations intended for deposit in the fund.
(5) Penalties imposed under IC 13-23-14 and fifty percent(50%) of penalties imposed under IC 13-23-12 against ownersand operators of underground petroleum storage tanks.
(6) Revenue from the underground petroleum storage tankregistration fee deposited in the fund under IC 13-23-12-4.
As added by P.L.1-1996, SEC.13.
IC 13-23-6-3
Expenses
Sec. 3. The expenses of administering the fund shall be paid frommoney in the fund.
As added by P.L.1-1996, SEC.13.
IC 13-23-6-4
Investments
Sec. 4. The treasurer of state shall invest the money in the fundnot currently needed to meet the obligations of the fund in the samemanner as other public money may be invested. Interest that accruesfrom these investments shall be deposited in the fund.
As added by P.L.1-1996, SEC.13.
IC 13-23-6-5
Reversion to general fund
Sec. 5. Money in the fund at the end of a state fiscal year does notrevert to the state general fund.As added by P.L.1-1996, SEC.13.