455G.6 Iowa comprehensive petroleum underground storage tank fund — general and specific powers. In administering the fund, the board has all of the general powers reasonably necessary and convenient to carry out its purposes and duties and may do any of the following, subject to express limitations contained in this subchapter: 1. Guarantee secured and […]
455G.7 Security for bonds — capital reserve fund — irrevocable contracts. 1. a. For the purpose of securing one or more issues of bonds for the fund, the treasurer of state, with the approval of the board, may authorize the establishment of one or more special funds, called “capital reserve funds”. The treasurer of state […]
455G.8 Revenue sources for fund. Revenue for the fund shall include but is not limited to the following, which shall be deposited with the board or its designee as provided by any bond or security documents and credited to the fund: 1. Bonds issued to capitalize fund. The proceeds of bonds issued to capitalize and […]
455G.9 Remedial program. 1. Limits of remedial account coverage. Moneys in the remedial account shall only be paid out for the following: a. (1) Corrective action for an eligible release reported to the department of natural resources on or after July 1, 1987, but prior to May 5, 1989. Third-party liability is specifically excluded from […]
