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Current as of January 01, 2022 | Updated by FindLaw Staff
(1) Except as provided in subsection (3) of this section, money recovered through litigation by the state acting as trustee of natural resources pursuant to the federal act or the OPA, and any interest derived therefrom, are credited to the natural resource damage recovery fund, which fund is hereby created. The department may expend the custodial money in the fund without further appropriation for purposes authorized by the federal act or the OPA, including the restoration, replacement, or acquisition of the equivalent of natural resources that have been injured, destroyed, or lost as a result of a release of a hazardous substance or oil. In addition, the department shall use the money in the natural resource damage recovery fund in a manner that is consistent with any judicial order, decree, or judgment governing the use of any particular recovery credited to the fund.
(2) Repealed by Laws 2005, Ch. 78, § 33, eff. Aug. 8, 2005.
(3) To the extent authorized by law, and consistent with a final judicial order or decree in any litigation by the state acting as trustee of natural resources pursuant to the federal act or the OPA, any recovery of natural resource damage assessment or other costs, including litigation costs and fees, shall be credited to the fund from which such costs were originally paid.
(4) Repealed by Laws 2013, Ch. 84, § 1, eff. July 1, 2020.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 25. Health § 25-16-104.7. Natural resource damage recoveries--fund created--repeal - last updated January 01, 2022 | https://codes.findlaw.com/co/title-25-health/co-rev-st-sect-25-16-104-7/
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