TITLE 12
CONSERVATION AND NATURAL RESOURCES
Section 8. Waste Management, 12-8-1 through 12-8-210.
ARTICLE 3
HAZARDOUS WASTE
12-8-104.1. Voluntary Remediation Escrow Account established; role and duties of director.
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There is established the Voluntary Remediation Escrow Account. The director shall serve as the trustee of the escrow account. The account shall consist of the application fees and reimbursement fees collected by the director pursuant to this part and pursuant to Code Section 12-8-209, and such fees shall be held in an interest-bearing account.
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The director is authorized to expend the principal balance of the escrow account for costs incurred in administering the voluntary remediation program including reimbursing state contractors used in the administration of such program. The director is also authorized to expend interest earned on the account for the administration of the voluntary remediation program; provided, however, that interest funds collected must be expended within the same fiscal year in which the interest was earned and any interest not so expended shall be deposited in the state treasury. Any unused funds remaining following the conclusion of a project shall be deposited in the general treasury.
(Code 1981, §12-8-104.1, enacted by Ga. L. 2010, p. 531, § 2/SB 78; Ga. L. 2011, p. 752, § 12/HB 142.)
Effective date.
- This Code section became effective May 27, 2010.
The 2011 amendment,
effective May 13, 2011, part of an Act to revise, modernize, and correct the Code, revised punctuation in the last sentence of subsection (a).
