§ 49-187 Voluntary remediation fund

AZ Rev Stat § 49-187 (2019) (N/A)

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49-187. Voluntary remediation fund

A. The voluntary remediation fund is established. The director shall administer the fund. The fund consists of monies from the following sources:

1. Fees collected pursuant to section 49-179.

2. Costs reimbursed to the department pursuant to section 49-179.

3. Gifts, grants and donations.

4. Legislative appropriations.

5. Until July 1, 2004, the water quality assurance revolving fund pursuant to section 49-282, subsection E, paragraph 10, provided that no more than three hundred fifty thousand dollars shall be transferred from the water quality assurance revolving fund to the voluntary remediation fund in any fiscal year.

B. Monies in the fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations. On notice from the director, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. Monies in the voluntary remediation fund shall be used for the following purposes:

1. For all reasonable and necessary costs to implement this article.

2. For the reasonable and necessary costs of administering the fund.

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