A.__Pay the clean-up costs specified in any certificate of determination issued by the board pursuant to section 1020;

B.__Establish any capital reserve fund pursuant to section 1053; and

C.__Pay the costs of issuance of revenue obligation securities.

2.__Payment of proceeds.__The authority shall pay proceeds of the revenue obligation securities to or on behalf of the Department of Environmental Protection and the United States Environmental Protection Agency in the amounts specified in the certificate of determination.

3.__Revenue refunding securities.__The board, or after its dissolution the authority as the board's successor, may provide for issuance of revenue refunding securities pursuant to subchapter III.

§1020.__Waste Motor Oil Revenue Board

1.__Membership.__The Waste Motor Oil Revenue Board, as established in Title 5, section 12004-F, subsection 18, consists of 16 voting members.__Five of the members are the chief executive officer of the authority who serves as the chair of the board, the Commissioner of Economic and Community Development, the Commissioner of Environmental Protection, the Commissioner of Transportation and the Treasurer of State or their respective designees who must be in major policy-influencing positions.__The Governor shall appoint 11 additional members as follows:

A.__Four individuals, each of whom is a principal of a licensed franchised new motor vehicle dealer pursuant to Title 29-A, chapter 9, subchapter III, which has been designated by the Department of Environmental Protection or, in the case of the Howes Corner Federal Superfund Site in Plymouth, the United States Environmental Protection Agency, as a responsible party;

B.__One individual who is a principal of a used car dealership licensed pursuant to Title 29-A, chapter 9, subchapter III, which has been designated by the Department of Environmental Protection or, in the case of the Howes