Section 25299.51.3 Of Article 6. Underground Storage Tank Cleanup Fund From California Health And Safety Code >> Division 20. >> Chapter 6.75. >> Article 6.
25299.51.3
. (a) The board shall conduct a study to determine the
cost-effectiveness and the feasability of issuing bonds to satisfy
the obligations against the fund existing on the effective date of
this section. The proceeds from the bonds would be used to expedite
the payment of active claims and those claims on the priority list
awaiting reimbursement. At a minimum, the study shall include
participants from the board, the Department of Finance, the Treasurer'
s office, the California Infrastructure and Economic Development
Bank, and fund stakeholders, including claimant and industry
representatives.
(b) The board shall, on or before March 1, 2018, post a report of
the study conducted pursuant to this section on the board's Internet
Web site.