§ 23-63-4.2 - Allocation of funds.
SECTION 23-63-4.2
§ 23-63-4.2 Allocation of funds. –The funds deposited into the tire site remediation account shall be used forthe following activities:
(1) No less than ninety percent (90%) of all funds shall beused for the cleanup, recycling and disposal of tires in existing tire pilesand for the overall investigation of, and design of remedial actions forproperties of economic concern pursuant to chapter 19.14 of title 23;
(2) No more than ten percent (10%) of all funds shall be usedto assist cities and towns with the collection and proper disposal of wastetires in their respective communities;
(3) All amounts in the tire site remediation account, fees,and any other revenues, assessments, fines, forfeitures, and other fundscollected or received pursuant to this chapter for deposit into the tire siteremediation account shall be deemed to be trust funds to be held and appliedsolely as provided in this chapter and chapter 19.14 of title 23.