Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 328. UNDERGROUND STORAGE TANK FINANCIAL ASSURANCE BOARD |
Article 328IAC1. PAYMENT OF CORRECTIVE ACTION AND THIRD PARTY LIABILITY CLAIMS FROM THE EXCESS LIABILITY TRUST FUND |
Rule 328IAC1-4. Prioritization of Claims |
Section 328IAC1-4-4. Monthly reimbursement
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After priority payment under section 1(a)(2) [of this rule] is initiated, the total amount reimbursed from the fund in any calendar month must not exceed the fund revenue of the previous month, less the administrative expenses of the fund. However, the administrator must adjust the total amount reimbursed from the fund in any calendar month as necessary to maintain a fund balance of at least five million dollars ($5,000,000). For purposes of this section, "fund revenue" means any or all sources of money as described in IC 13-23-7-2. (Underground Storage Tank Financial Assurance Board; 328 IAC 1-4-4; filed Aug 30, 2004, 9:40 a.m.: 28 IR 141; errata filed Oct 7, 2004, 11:45 a.m.: 28 IR 608; readopted filed Nov 19, 2010, 9:08 a.m.: 20101215-IR-328100553BFA)