Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 70. PUBLIC HEALTH AND SAFETY |
Chapter 70.340. Underground storage tank revolving loan and grant program. |
Section 70.340.040. Use of funds—Restrictions.
Latest version.
- (1) A recipient of a loan or grant may not use these funds to conduct remedial actions of a release or threatened release from a petroleum underground storage tank system requiring financial assurances under chapter 90.76 RCW or subtitle I of the solid waste disposal act (42 U.S.C., chapter 82, subchapter IX) unless the owner or operator:(a) Agrees to first expend all moneys available under the required financial assurances;(b) Demonstrates that all moneys available under the required financial assurances have been expended; or(c) Demonstrates that a claim has been made under the required financial assurances and the claim has been rejected by the provider.(2) A recipient must use a loan or grant for a project that develops and acquires assets that have a useful life of at least thirteen years.NOTES:Effective date—2016 c 161 §§ 1-13: See note following RCW 70.340.010.