Information Maintained by the Office of Code Revision Indiana Legislative Services Agency
IC 13-23-7
     Chapter 7. Underground Petroleum Storage Tank Excess Liability Fund

IC 13-23-7-1
Purposes of fund; limitation on use of fund
    
Sec. 1. (a) Subject to subsection (b), the underground petroleum storage tank excess liability trust fund is established for the following purposes:
        (1) Assisting owners and operators of underground petroleum storage tanks to establish evidence of financial responsibility as required under IC 13-23-4.
        (2) Providing a source of money to satisfy liabilities incurred by owners and operators of underground petroleum storage tanks under IC 13-23-13-8 for corrective action.
        (3) Providing a source of money for the indemnification of third parties under IC 13-23-9-3.
        (4) Providing a source of money to pay for the expenses of the department incurred in paying and administering claims against the trust fund. Money may be provided under this subdivision only for those job activities and expenses that consist exclusively of administering the excess liability trust fund.
        (5) Providing a source of money to pay for the expenses of the department incurred in inspecting underground storage tanks.
        (6) Providing a source of money to pay expenses incurred by the department in establishing and implementing an underground storage tank operator training program:
            (A) on an Internet web site; and
            (B) that complies with the requirements of the federal Energy Policy Act of 2005.
    (b) The combined amount of payments described in subsection (a)(4), (a)(5), and (a)(6) from the underground petroleum storage tank excess liability trust fund in a state fiscal year may not exceed eleven percent (11%) of the fund income in the immediately preceding state fiscal year.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.5; P.L.14-2001, SEC.4; P.L.114-2008, SEC.23; P.L.105-2011, SEC.2.

IC 13-23-7-2
Sources of money for fund
    
Sec. 2. Sources of money for the trust fund are the following:
        (1) Fees and penalties paid under IC 13-23-12.
        (2) Appropriations from the general assembly.
        (3) Gifts and donations intended for deposit in the fund.
        (4) Inspection fees paid under IC 16-44-2.
        (5) Bond revenue under IC 4-4-11.2-7(a)(1).
        (6) Any other money authorized to be deposited in or appropriated to the trust fund.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.6.


IC 13-23-7-3
Administration of fund
    
Sec. 3. The commissioner or the commissioner's designee shall administer the trust fund.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.7.

IC 13-23-7-4
Expenses
    
Sec. 4. The expenses of administering the provisions of this article that are funded by the trust fund, including:
        (1) IC 13-23-8;
        (2) IC 13-23-9;
        (3) IC 13-23-11; and
        (4) IC 13-23-12;
shall be paid from money in the fund.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.8; P.L.14-2001, SEC.5.

IC 13-23-7-5
Investments
    
Sec. 5. The treasurer of state shall invest the money in the trust fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund. At least one (1) time each year, the treasurer of state shall provide the financial assurance board a report detailing the investments made under this section.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.9.

IC 13-23-7-6
Reversion to general fund
    
Sec. 6. Money in the trust fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.10.

IC 13-23-7-7
Audit of fund
    
Sec. 7. Not later than December 31, 1996, and every two (2) years thereafter, the state board of accounts shall conduct an audit of the excess liability trust fund.
As added by P.L.9-1996, SEC.25.

IC 13-23-7-8
Renaming; underground petroleum storage tank excess liability trust fund
    
Sec. 8. On July 1, 1996, the underground petroleum storage tank excess liability fund established by section 1 of this chapter is renamed as the underground petroleum storage tank excess liability trust fund. The petroleum storage tank excess liability trust fund shall be considered a trust fund.


As added by P.L.9-1996, SEC.26.

IC 13-23-7-9 Version a
Criminal penalty for application misstatement
    
Note: This version of section effective until 7-1-2014. See also following version of this section, effective 7-1-2014.
    Sec. 9. A person who, with intent to defraud, knowingly or intentionally makes a material misstatement in connection with an application for financial assistance from the fund commits a Class D felony.
As added by P.L.137-2007, SEC.25.

IC 13-23-7-9 Version b
Criminal penalty for application misstatement
    
Note: This version of section effective 7-1-2014. See also preceding version of this section, effective until 7-1-2014.
    Sec. 9. A person who, with intent to defraud, knowingly or intentionally makes a material misstatement in connection with an application for financial assistance from the fund commits a Level 6 felony.
As added by P.L.137-2007, SEC.25. Amended by P.L.158-2013, SEC.192.

IC 13-23-7-10
Lien to secure payment; department of state revenue
    
Sec. 10. (a) The department of revenue may impose a lien on the property of an owner or operator, if the owner or operator fails to pay fees that are due under IC 13-23-12-1 according to the provisions in IC 6-8.1-8-2. The lien may secure the payment to the state of an amount equal to the amount of the fees that are due.
    (b) If the department of revenue fails to impose a lien on the property described in subsection (a), no penalties or interest may be collected on the tax under IC 6-8.1-8-2.
As added by P.L.19-2012, SEC.1. Amended by P.L.244-2013, SEC.1.