§ 115B.445 — Depositing Proceeds
Plain-Language Summary
All money paid to the state by insurers — whether through negotiated settlements or court judgments — under the insurance recovery program for qualified landfill cleanup costs must be deposited in the state treasury and split equally between the remediation fund and the closed landfill investment fund. This ensures recovered insurance proceeds support both current cleanup costs and long-term landfill program funding.
115B.445 DEPOSITING PROCEEDS.
All amounts paid to the state by an insurer pursuant to any settlement under section 115B.443 or judgment under section 115B.444 must be deposited in the state treasury and credited equally to the remediation fund and the closed landfill investment fund.
History:
1996 c 370 s 5; 2003 c 128 art 2 s 31
History: History: 1996 c 370 s 5; 2003 c 128 art 2 s 31