2015 Oklahoma Statutes
Title 17. Corporation Commission
§17-324. Expenditure of monies from Petroleum Storage Tank Release Environmental Cleanup Indemnity Fund.

17 OK Stat § 17-324 (2015) What's This?

A. Monies in the Petroleum Storage Tank Indemnity Fund shall only be expended for:

1. Reimbursements to eligible persons for eligible expenses including the costs to identify and confirm the existence of a suspected release when so instructed by the regulatory program of the Petroleum Storage Tank Division or when such expenses were necessary and appropriate to protect the health, safety and welfare of the public and the environment;

2. Reimbursement of actual costs incurred by the Petroleum Storage Tank Division in evaluating claims and determining whether specific claims qualify for payment or reimbursement by the Oklahoma Petroleum Storage Tank Release Indemnity Program;

3. Reimbursement of actual costs incurred by the Division for the administration of the Petroleum Storage Tank Indemnity Fund; and

4. Purchase real property, personal property and easements in conjunction with remediation efforts and/or the establishment of an alternative water supply as provided for in Section 306 of this title.

B. Actual costs incurred by the Division to be reimbursed by the Petroleum Storage Tank Indemnity Fund shall be documented and reviewed in the same manner as requests for reimbursement submitted by tank owners, operators or other eligible persons for the purpose of obtaining reimbursement from the Petroleum Storage Tank Indemnity Fund.

Added by Laws 1998, c. 375, § 4, emerg. eff. June 9, 1998. Amended by Laws 2004, c. 430, § 5, emerg. eff. June 4, 2004; Laws 2005, c. 435, § 16, eff. Nov. 1, 2005.

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