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 is
established to provide a source of money for the uses set forth in
IC 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 Protection
Agency to the state under cooperative agreements under Section
9003(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 in
connection with any corrective action undertaken under
IC 13-23-13-2 with respect to a release of petroleum.
(3) Costs recovered by the state in connection with the
enforcement of this article with respect to any release of
petroleum.
(4) Appropriations made by the general assembly, gifts, and
donations 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 owners
and operators of underground petroleum storage tanks.
(6) Revenue from the underground petroleum storage tank
registration 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 from
money 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 fund
not currently needed to meet the obligations of the fund in the same
manner as other public money may be invested. Interest that accrues
from 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 not
revert to the state general fund.
As added by P.L.1-1996, SEC.13.