Section 41. (a) There is hereby established within the Low–Level Radioactive Waste Trust Fund, a contingent liability account and the institutional control account. The board shall determine annually the amount of revenues, raised from the surcharges imposed pursuant to section thirty-eight, that shall be deposited within each account; provided, however, that after such deposits, no amounts so deposited may be transferred between such accounts.
(b) The contingent liability account shall be used to pay compensation for injuries to persons, land or property resulting from the management of low-level radioactive waste pursuant to section nine.
(c) The institutional control account shall be used to pay institutional control costs pursuant to sections nine and forty-seven. The account shall be used by the board to purchase insurance coverage or otherwise to ensure the availability of funds to meet liability claims during the institutional control period; provided, however, that no portion of the monies held in the institutional control account may be used to satisfy judgments or settlements pursuant to section nine or for any other purpose other than institutional control of a facility.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 111h - Massachusetts Low-Level Radioactive Waste Management Act
Section 4 - Powers and Duties of Board; Acceptance of Donations, Loans or Grants
Section 4a - Low Level Radioactive Waste Management Fund; Assessments
Section 4b - Violations of Sec. 4a; Civil Penalties
Section 6 - Public Participation Coordinator; Duties
Section 10 - Phase I of the Low–level Radioactive Waste Management Act; Planning
Section 11 - Procedures for Adoption of Management Plan
Section 14 - Site Selection Criteria and Application Guidelines; Adoption of Regulations
Section 15 - Selection of Operators; Adoption of Regulations
Section 17 - Initiation of Site Selection Process; Board Vote; Conditions
Section 19 - Site Selection Process; Procedures
Section 21 - Community Supervisory Committees; Establishment
Section 24 - Petition by Aggrieved Person; Adjudicatory Proceeding
Section 25 - Phase Iii of the Low–level Waste Management Act; Selection of Operator and Technology
Section 27 - Certified Applicant Interviews; Selection of Operator of Superior Site Facility
Section 28 - Execution of Development Contract
Section 30 - Notice of Intent to Apply for Facility License; Environmental Impact Report
Section 33 - Negotiation of Comprehensive Operating Contract; Contents
Section 34 - Community Compensation
Section 36 - Comprehensive Environmental Monitoring Program; Establishment
Section 37 - Commencement of Facility Construction
Section 40 - Operation of Facility; Temporary or Permanent Closure; Inspection Report
Section 41 - Contingent Liability Account; Institutional Control Account
Section 42 - Administration of the Low–level Radioactive Waste Trust Fund
Section 43 - Facility Closure Plan
Section 44 - Active Observation and Maintenance of Facility
Section 46 - Transfer of Facility License From Operator
Section 47 - Institutional Control of Facility; Annual Report; Public Meetings