70.340.070  <<  70.340.080 >>   70.340.090

Pollution liability insurance agency underground storage tank revolving account. (Expires July 1, 2030.)

(1) The pollution liability insurance agency underground storage tank revolving account is created in the state treasury. All receipts from sources identified under subsection (2) of this section must be deposited into the account. Moneys in the account may be spent only after appropriation. Expenditures from the account may be used only for items identified under subsection (3) of this section.
(2) The following receipts must be deposited into the account:
(a) All moneys appropriated by the legislature to pay for the agency's operating costs to carry out the purposes of this chapter;
(b) All moneys appropriated by the legislature to provide loans and grants under RCW 70.340.030;
(c) Any repayment of loans provided under RCW 70.340.030;
(d) All moneys appropriated by the legislature to conduct remedial actions under RCW 70.340.060;
(e) Any recovery of the costs of remedial actions conducted under RCW 70.340.060;
(f) Any grants provided by the federal government to the agency to achieve the purposes of this chapter; and
(g) Any other deposits made from a public or private entity to achieve the purposes of this chapter.
(3) Moneys in the account may be used by the agency only to carry out the purposes of this chapter including, but not limited to:
(a) The costs of the agency and department of health to carry out the purposes of this chapter;
(b) Loans and grants under RCW 70.340.030;
(c) Remedial actions under RCW 70.340.060; and
(d) State match requirements for grants provided to the agency by the federal government.

NOTES:

Effective date2016 c 161 §§ 1-13: See note following RCW 70.340.010.
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