Alaska Statutes: AS 46.08.025. Financing of the Oil and Hazardous Substance Release Response Account; Release Mitigation Account.

Alaska Statutes. Title 46. Water, Air, Energy, and Environmental Conservation Chapter 8. Oil and Hazardous Substance Releases Section 25. Financing of the Oil and Hazardous Substance Release Response Account; Release Mitigation Account.

previous: Section 20. Financing of the Oil and Hazardous Substance Release Prevention Account; Prevention Mitigation Account.
next: Section 30. Intent Concerning the Abatement of Oil or Hazardous Substance Releases.

AS 46.08.025. Financing of the Oil and Hazardous Substance Release Response Account; Release Mitigation Account.

(a) The legislature may appropriate from the following sources to the oil and hazardous substance release response account in the fund:

(1) the annual estimated balance of the account maintained under AS 37.05.142 for deposit into the general fund of the proceeds of the oil conservation surcharge levied by AS 43.55.201 ;

(2) money received from other state sources, from federal or other sources, or from a private donor; and

(3) money recovered or otherwise received from parties responsible for the containment and cleanup of oil or a hazardous substance at a specific site for which the state expended money from the former oil and hazardous substance release response fund before October 2, 1994 or for which the state expended money from the response account, but excluding

(A) money from performance bonds and other forms of financial responsibility held in escrow pending satisfactory performance of a privately financed response action;

(B) fines, penalties, and damages described in AS 46.08.020 (a)(4).
(b) Money received by the state under (a)(2) and (3) of this section shall be deposited in the general fund and credited to a special account called the "oil and hazardous substance release response mitigation account." The legislature may annually appropriate to the response account in the fund from the response mitigation account a sum equal to the amount received under (a)(2) and (3) of this section during the calendar year preceding the legislative session in which the appropriations are to be made.

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.