Within twenty days of a project commencement date, the pipeline company shall make an initial deposit to the PEACE fund equal to five percent of the bond required under § 34-53-13. The project account and fund may only be used in accordance with this chapter, and any remaining balance shall be remitted to the pipeline company no later than eighteen months after the project completion date less the amount equal to unresolved disputed claims under § 34-53-9.

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Source: SL 2019, ch 157, § 10, eff. Mar. 27, 2019.

Commission Note: This section is repealed effective June 30, 2025 pursuant to SL 2019, ch 157, § 19.