South Carolina Code of Regulations
Chapter 61 - DEPARTMENT OF HEALTH AND ENVIRONMENTAL CONTROL
Subchapter 61-107 - Solid Waste Management
Subchapter 61-107.1 - Solid Waste Management: Solid Waste Management Grants, Recycling Education Grants, and Waste Tire Grants
Section 61-107.1.M - Petroleum Grant Fund Allocation and Requirements
Current through Register Vol. 48, No. 9, September 27, 2024
1. Two-fifths ( 2/5) of the funds shall be used to establish incentive programs to encourage:
2. Two-fifths ( 2/5 ) of the petroleum fund shall be used to provide grants for local government or regional projects that the Office determines will encourage the collection, reuse and proper disposal of used oil and similar lubricants. Local government or regional activities may include one or more of the following programs:
3. One-fifth ( 1/5) of the funds shall be used for public education and research including, but not limited to, reuses, disposal and development of markets for used oil and similar lubricants.
4. The petroleum oil fee shall be imposed until the unobligated principal balance of the Petroleum Fund equals or exceeds three million dollars ($3,000,000.00). The Tax Commission shall be required to adjust the rate of the fee to reflect a full year's collection to produce the amount of revenue required in the fund. The increase or decrease in the fee made by the Tax Commission shall take effect for sales beginning on or after the first day of the third month following determination by the Commission.