Kansas Statutes 65-5316. Asbestos remediation fund established; disposition of moneys collected pursuant to the act
Terms Used In Kansas Statutes 65-5316
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Asbestos: means that asbestiform varieties of: Chrysotile, crocidolite, amosite, anthophyllite, tremolite and actinolite. See Kansas Statutes 65-5301
- Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
- Secretary: means the secretary of health and environment. See Kansas Statutes 65-5301
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) There is hereby established in the state treasury the asbestos remediation fund.
(1) The secretary of health and environment shall remit to the state treasurer, in accordance with the provisions of Kan. Stat. Ann. § 75-4215, and amendments thereto, all moneys collected or received by the secretary from the following sources:
(A) Permit and approval fees collected under Kan. Stat. Ann. § 65-5309, and amendments thereto;
(B) any moneys recovered by the state under the provisions of this act, including administrative expenses and moneys paid under any agreement, stipulation or settlement; and
(C) interest attributable to investment of moneys in the fund.
(2) Upon receipt of each remittance pursuant to paragraph (1), the state treasurer shall deposit the entire amount in the state treasury to the credit of the asbestos remediation fund.
(b) Moneys deposited in the fund shall be expended only for the purpose of administering the Kansas asbestos control act, including funding of a technical and environmental compliance assistance program, and for no other governmental purposes.
(c) On or before the 10th of each month, the director of accounts and reports shall transfer from the state general fund to the asbestos remediation fund interest earnings based on the:
(1) Average daily balance of moneys in the asbestos remediation fund for the preceding month; and
(2) net earnings rate of the pooled money investment portfolio for the preceding month.
(d) All expenditures from the asbestos remediation fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the secretary for the purposes set forth in this section.