§ 17-360. Limitation on expenditures for administrative costs - Reports.

A.  Annual expenditures from the Petroleum Storage Tank Indemnity Fund for costs incurred for the administration of the Indemnity Fund shall be established by the Legislature by budgetary limits for the annual expenditures from the Petroleum Storage Tank Indemnity Fund for direct and indirect expenses incurred for the administration of the Indemnity Fund administrative functions of the Corporation Commission.

B.  The Administrator shall make written reports on a quarterly basis to the Speaker of the House of Representatives and the President Pro Tempore of the Senate detailing expenditures on personnel and equipment and other expenses concerning and incurred as a result of administering the Petroleum Storage Tank Indemnity Fund.  The report shall include salaries and fringe benefits of all full-time-equivalent employees of the Petroleum Storage Tank Indemnity Fund and reimbursements made to the Commission by division for administrative or support services provided by the Commission to the Petroleum Storage Tank Indemnity Fund.

Added by Laws 1993, c. 344, § 25, emerg. eff. June 9, 1993.  Amended by Laws 1998, c. 375, § 35, emerg. eff. June 9, 1998; Laws 2004, c. 430, § 10, emerg. eff. June 4, 2004; Laws 2005, c. 435, § 25, eff. Nov. 1, 2005.