Section 25395.43 Of Article 8.7. California Financial Assurance And Insurance For Redevelopment Program From California Health And Safety Code >> Division 20. >> Chapter 6.8. >> Article 8.7.
25395.43
. (a) Any person who is conducting a response action at an
eligible property under the oversight of the department or a regional
board and who purchases the prenegotiated environmental insurance
products from the insurance company selected pursuant to subdivision
(b) of Section 25395.41 may apply to the secretary for the subsidies
that are made available pursuant to Section 25395.42. To the extent
that the funds that are made available in the annual Budget Act for
expenditure to subsidize the cost of the environmental insurance
products provided pursuant to this article are available, an
applicant is eligible for a subsidy in the order in which the
applicant's application is received.
(b) An applicant for a subsidy made available pursuant to Section
25395.42 shall provide the secretary with all information necessary
to demonstrate to the secretary that the applicant is eligible to
receive a subsidy.
(c) The state and the Cleanup Loans and Environmental Assistance
to Neighborhoods Account do not have any obligation to provide funds
to any person that applies for a subsidy pursuant to this article.
The secretary shall provide an applicant with a subsidy only to the
extent that money in the Cleanup Loans and Environmental Assistance
to Neighborhoods Account established pursuant to Section 25395.20 has
been reserved in the annual Budget Act for the purpose of providing
environmental insurance and the money that has been reserved for this
purpose is available.