Sec. 1.3. (a) The total amount otherwise available from the ELTF in connection with an eligible release discovered on or after July 1, 2016, shall be reduced by:
(1) a deductible amount of fifteen thousand dollars ($15,000); and
(2) if any annual registration fees that were due in 2014 or a later year are not paid in full before the submittal of the initial site characterization as required by the rules adopted by the environmental rules board, an additional amount under subsection (b).
(b) The additional amount referred to in subsection (a)(2) is the sum of:
(1) all annual registration fees due under IC 13-23-12-1 for USTs located at the facility from which the release occurred that:
(A) were due in 2014 or a later year; and
(B) have not been paid; plus
(2) an additional amount of one thousand dollars ($1,000) for each annual registration fee imposed by IC 13-23-12-1 on a UST located at the facility from which the release occurred that:
(A) was due in 2014 or a later year; and
(B) was not paid in the year the fee was originally due.
As added by P.L.96-2016, SEC.32. Amended by P.L.200-2017, SEC.14.