(a) There is established the “drycleaner environmental response fund” to provide a
source of funds for the implementation of this chapter.
(b) The expenses of administering the fund, including staff to implement this chapter,
shall be paid from the money in the fund.
(c) The state treasurer shall invest the money in the fund not currently needed to
meet the obligations of the fund in the same manner as other public funds are invested. Interest that accrues from these investments shall be deposited in the fund.
(d) The sources of money for the fund are as follows:
(1) Registration fees and drycleaning solvent surcharges paid under § 68-217-106;
(2) Any appropriations made by the general assembly;
(3) Penalties collected pursuant to this chapter;
(4) Gifts, grants, and donations intended for deposit in the fund; and
(5) Any federal funds made available under similar federal legislation, or any other
(e) Any unencumbered moneys and any unexpended balance of the fund remaining at the
end of any fiscal year shall not revert to the general fund, but shall be carried
forward until expended in accordance with this chapter.
(f) All claims against the fund shall be expressly and exclusively obligations of
the fund only and not of the state, and any amounts required to be paid under this
section are subject to the availability of sufficient moneys in the fund. The full faith and credit of the state shall not in any way be pledged or considered
to be available to guarantee payment from such fund.
(g) Notwithstanding any other law to the contrary, the drycleaner environmental response
fund shall not be considered an insurance company or insurer under the laws of this
state, and shall not be a member of nor be entitled to claim against the Tennessee
insurance guaranty association created under title 56, chapter 12.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.