Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Oil Spill Response, Prevention, and Administration Fees Law and Government Code

Government Code

Chapter 7.4. Oil Spill Response and Contingency Planning

Article 7. Oil Spill Response Trust Fund

Section 8670.47.5

8670.47.5. Deposit of specified moneys in fund. The following shall be deposited into the fund:

(a) The fee required pursuant to Section 8670.48.

(b) Any federal funds received to pay for response, containment, abatement, and rehabilitation costs from an oil spill in waters of the state.

(c) Any money borrowed by the Treasurer pursuant to Article 7.5 (commencing with Section 8670.53.1) or any draw on the financial security obtained by the Treasurer pursuant to subdivision (o) of Section 8670.48.

(d) Any interest earned on the moneys in the fund.

(e) Any costs recovered from responsible parties pursuant to Section 8670.53 and subdivision (e) of Section 8670.53.1.

History.—Stats. 2007, Ch. 373 (AB 1220), in effect January 1, 2008, deleted "moneys" from between "following" and "shall" in first sentence; substituted "money" for "funds," added "by the Treasurer" between "borrowed" and "pursuant," and added "or any draw . . . of Section 8670.48" after "Section 8670.53.1)" in subdivision (c ); substituted "costs recovered" for "cost recoveries" and added "and subdivision (e) of Section 8670.53.1" after "Section 8670.53" in subdivision (e). Stats. 2014, Ch. 35 (SB 861), in effect June 20, 2014, deleted "marine" after "oil spill in" and added "of the state" after "waters" in subdivision (b).