Section 328 IAC 1-4-4 - Monthly reimbursementAuthority: IC 13-23
Affected: IC 13-23-7-2; IC 13-23-9-2; IC 13-23-9-4
Sec. 4.
(a) After priority payment under section 1(a)(2) of this rule is initiated, the total amount reimbursed from the fund in any calendar month must not exceed the fund revenue of the previous month, less the administrative expenses of the fund. The administrator must adjust the total amount reimbursed from the fund in any calendar month as necessary to maintain a fund balance of at least five million dollars ($5,000,000).(b) For purposes of this section, "fund revenue" means any or all sources of money as described in IC 13-23-7-2.Underground Storage Tank Financial Assurance Board; 328 IAC 1-4-4; filed Aug 30, 2004, 9:40 a.m.: 28 IR 141; errata filed Oct 7, 2004, 11:45 a.m.: 28 IR 608; readopted filed Nov 19, 2010, 9:08 a.m.: 20101215-IR-328100553BFA; readopted filed Jun 6, 2016, 11:51 a.m.: 20160706-IR-328160142BFAFiled Jul 27, 2018, 2:31 p.m.: 20180822-IR-328150231FRA