Section 146-C:12 Federal Assistance and Private Funds.
I. To implement this chapter, the commissioner is authorized on behalf of the state, with the approval of the governor and council, to apply for and accept any federal assistance which may become available for the purpose of this chapter, whether in the form of loan or grant or otherwise, to accept the provision of any federal legislation for such assistance, to enter into, act, and implement contracts in connection with such assistance, or to act as agent for the federal government in connection with such assistance. The commissioner shall accept and expend funds from the leaking underground storage tank trust fund established by 26 U.S.C. section 9508 in accordance with applicable federal law, the regulations adopted under such law, and the contract or contracts providing for federal assistance, notwithstanding any contrary provision of state law. The commissioner may also utilize any private funds which may be made available for the purposes of this chapter.
II. There is established the New Hampshire leaking underground storage tank cost recovery fund. This fund is intended to expedite the cleanup of additional leaking underground storage tank sites. Cost recovered monies originally expended from the federal leaking underground storage tank trust fund shall be deposited into this nonlapsing revolving fund, which shall be continually appropriated exclusively to pay all costs related to the management and cleanup of additional leaking underground storage tank sites.
III. Monies in the fund not currently needed to meet the obligations of the department with respect to cleanup of leaking underground storage tank sites, shall be deposited with the state treasurer to the credit of the fund and may be invested as provided by law. Interest received on such investment shall be credited to the fund.
Source. 1986, 182:1. 1988, 249:16. 1993, 156:1. 1996, 228:106, 110, eff. July 1, 1996. 2007, 138:1, eff. Aug. 17, 2007.