New Mexico Administrative Code
Title 20 - ENVIRONMENTAL PROTECTION
Chapter 5 - PETROLEUM STORAGE TANKS
Part 121 - CORRECTIVE ACTION FUND USE AND EXPENDITURES
Section 20.5.121.2106 - RESERVED MONEY
Universal Citation: 20 NM Admin Code 20.5.121.2106
Current through Register Vol. 35, No. 6, March 26, 2024
A. The department shall establish a reserve of one-million dollars ($1,000,000) in the fund for the costs of taking emergency corrective action. The department may make expenditures from this reserve during the fiscal year and replenish the reserve at the beginning of the next fiscal year.
B. Money that is reserved pursuant to Subsection A of this section may be expended by the department only for corrective action necessary when an emergency threat to public health, safety and welfare or the environment is determined by the department to exist.
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