The "voluntary remediation fund" is created in the state treasury. The fund shall be administered by the department. All fees and oversight payments collected pursuant to the regulations adopted by the secretary of environment pursuant to the provisions of the Voluntary Remediation Act shall be deposited in the fund. The money in the fund shall be appropriated by law to the department for the purpose of administering the Voluntary Remediation Act. Disbursements from the fund shall be made upon warrants drawn by the secretary of finance and administration pursuant to vouchers signed by the secretary of environment.
History: Laws 1997, ch. 38, ยง 11.
Structure New Mexico Statutes
Chapter 74 - Environmental Improvement
Article 4G - Voluntary Remediation
Section 74-4G-1 - Short title.
Section 74-4G-3 - Definitions.
Section 74-4G-4 - Regulations.
Section 74-4G-5 - Application and fee.
Section 74-4G-7 - Certificate of completion.
Section 74-4G-8 - Covenant not to sue.
Section 74-4G-10 - Lender liability.
Section 74-4G-11 - Voluntary remediation fund.
Section 74-4G-11.1 - Brownfields cleanup revolving loan fund.