Washington § 70A.345.040 Use of funds—Restrictions.(Expires July 1, 2030.)

Washington Statutes

§ 70A.345.040 — Use of funds—Restrictions.(Expires July 1, 2030.)

Washington § 70A.345.040

Title 70AENVIRONMENTAL HEALTH AND SAFETY

Ch. 70A.345UNDERGROUND STORAGE TANK REVOLVING LOAN AND GRANT PROGRAM

This text of Washington § 70A.345.040 (Use of funds—Restrictions.(Expires July 1, 2030.)) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 70A.345.040 (2026).

Text

(1)A recipient of a loan or grant may not use these funds to conduct remedial actions of a release or threatened release from a petroleum underground storage tank system requiring financial assurances under chapter 70A.355 RCW or subtitle I of the solid waste disposal act (42 U.S.C., chapter 82, subchapter IX) unless the owner or operator:

(a)Agrees to first expend all moneys available under the required financial assurances;

(b)Demonstrates that all moneys available under the required financial assurances have been expended; or

(c)Demonstrates that a claim has been made under the required financial assurances and the claim has been rejected by the provider.

(2)A recipient must use a loan or grant for a project that develops and acquires assets that have a useful life of at least

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(1) A recipient of a loan or grant may not use these funds to conduct remedial actions of a release or threatened release from a petroleum underground storage tank system requiring financial assurances under chapter 70A.355 RCW or subtitle I of the solid waste disposal act (42 U.S.C., chapter 82, subchapter IX) unless the owner or operator:

(a) Agrees to first expend all moneys available under the required financial assurances;

(b) Demonstrates that all moneys available under the required financial assurances have been expended; or

(c) Demonstrates that a claim has been made under the required financial assurances and the claim has been rejected by the provider.

(2) A recipient must use a loan or grant for a project that develops and acquires assets that have a useful life of at least thirteen years.

Effective date — 2016 c 161 ss 1-13: See note following RCW 70A.345.010 .