2-3703. Purpose; rules and regulations; annual reports.
2-3703
2-3703. Purpose; rules and regulations; annual
reports.
(a) There is hereby established the remediation linked
deposit loan
program,
which shall be administered by the state treasurer. The program shall be for
the purpose of
providing loans to eligible persons to pay the costs of corrective action
approved by the
department of health and environment or taken in accordance with requests or
orders issued by
the department of health and environment. Such loans shall be made only for
projects approved by the board.
(b) The state treasurer may adopt rules and regulations to administer and
implement the
remediation linked deposit loan program.
(c) On or before February 1 of each year, the state treasurer shall submit to the governor,
the senate standing committee on energy and natural resources and the house of representatives
standing committee on environment an annual report on the activities of the remediation linked
deposit loan program.
History: L. 2000, ch. 82, § 3; July 1.