Authorizes the Legislature to transfer, during the 2003-05 fiscal biennium, $13.8 million from the Site Closure Account to the General Fund-State.
Directs the Treasurer to transfer money into the Site Closure Account and identifies a specific amount, schedule, and source of funds for repayment of the original transfer by July 1, 2033.
Establishes that the Site Closure Account money including the scheduled repayments, if this total equals or exceeds the Department of Health's (DOH) facility closure cost estimate, meets the DOH's financial assurance requirements.
From the House Bill Analysis (SB 6087), written by the Legislature's nonpartisan staff. Read the full report ↗
EnactedEnacted · Chapter 21, Laws of 2003, 1st Special Session