§ 13-23-8-8 — Limits on payments from the ELTF

Indiana § 13-23-8-8

• Jurisdiction: Indiana
• Art. 23: UNDERGROUND STORAGE TANKS
• Ch. 8: Use of Money in Excess Liability Fund

Text

(a) The administrator of the ELTF:
(1) shall not pay more than two million five hundred thousand
dollars ($2,500,000) from the ELTF per eligible release; and
(2) shall not pay any eligible party more than ten million dollars
($10,000,000) from the ELTF per fiscal year.
(b) After an eligible party has submitted multiple ELTF claims for
a total of at least ten million dollars ($10,000,000) in a fiscal year, the
eligible party is ineligible to submit any other ELTF claim during that
fiscal year.
(c) If the right to receive money from the fund under this chapter is
assigned as described in section 4(b) of this chapter, payments made to
one (1) or more assignees shall be considered payments to the assignor
for purposes of the limits established in subsection (a).
[Pre-1996 Recodification Citation: 13-7-20-33(h).]

Legislative History

As added by P.L.1-1996, SEC.13. Amended by P.L.9-1996, SEC.15; P.L.14-2001, SEC.13; P.L.96-2016, SEC.30.