70.148.010  <<  70.148.020 >>   70.148.025

Pollution liability insurance program trust account. (Expires July 1, 2030.)

(1) The pollution liability insurance program trust account is established in the custody of the state treasurer. All funds appropriated for this chapter and all premiums collected for reinsurance shall be deposited in the account. Except as provided in chapter 70.340 RCW, expenditures from the account shall be used exclusively for the purposes of this chapter including payment of costs of administering the pollution liability insurance and underground storage tank community assistance programs. Expenditures for payment of administrative and operating costs of the agency are subject to the allotment procedures under chapter 43.88 RCW and may be made only after appropriation by statute. No appropriation is required for other expenditures from the account.
(2) Each calendar quarter, the director shall report to the insurance commissioner the loss and surplus reserves required for the calendar quarter. The director shall notify the department of revenue of this amount by the fifteenth day of each calendar quarter.
(3) During the 2019-2021 fiscal biennium, the legislature may make appropriations from the pollution liability insurance program trust account for the leaking tank model remedies activity.
(4) This section expires July 1, 2030.

NOTES:

Effective date2019 c 413: See note following RCW 28B.15.210.
Effective date2016 sp.s. c 35: See note following RCW 28B.10.027.
Effective dates2013 2nd sp.s. c 4: See note following RCW 2.68.020.
Effective date2005 c 518: See note following RCW 28A.600.110.
Effective datesSeverability1991 sp.s. c 13: See notes following RCW 18.08.240.
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