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A.__All money appropriated for inclusion in the fund; |
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| B.__Subject to any pledge, contract or other obligation, all | interest, dividends or other pecuniary gains from investment | of money of the fund; |
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| C.__Any other money available to the authority and directed | by the authority to be paid into the fund; and |
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| D.__All revenue received from the Treasurer of State | pursuant to subsection 6. |
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| | 3.__Application of fund.__Money in the fund must be applied to | the payment of principal of, interest on or redemption premiums | on revenue obligation securities issued pursuant to section 1019 | and may, in whole or in part, be pledged or transferred and | deposited as security for those securities.__Money in the fund | not needed currently to meet the obligations of the authority as | provided for in this subsection may be invested in such a manner | as permitted by law.__Money may also be applied to pay the | reasonable operating costs of the board, including expenses of | members of the board pursuant to section 1020, subsection 2. |
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| | 4.__Accounts within fund.__The authority may divide the fund | into separate accounts as it determines necessary or convenient | for carrying out the purposes of this subchapter. |
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| | 5.__Revolving fund.__The fund is a nonlapsing, revolving fund.__ | All money in the fund must be continuously applied by the | authority to carry out the purposes of this subchapter. |
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| | 6.__Premium.__In addition to any other tax or charge imposed | under state or federal law, a premium is imposed on all motor oil | sold in the State at wholesale.__The premium is in the amount of | 20__per quart.__The premium must be paid monthly by the | manufacturer or wholesaler to the State Tax Assessor.__The State | Tax Assessor shall pay monthly all amounts received pursuant to | this subsection to the Treasurer of State and shall deposit the | funds in the fund.__Costs of administration are paid by the fund. |
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| | 7.__Effective date.__This section takes effect on July 1, 1999 | and remains in effect until the later of June 30, 2010 or any | date thereafter, but no later than December 31, 2020, on which | the authority notifies the Treasurer of State that there are | outstanding no revenue obligation securities that were issued | pursuant to section 1019. |
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| §1019.__Waste Motor Oil Disposal Site Remediation Program |
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