Senate Bill No. 93 |
CHAPTER 9 |
3960-011-0001—For transfer by the Controller, upon order of the Director of Finance, from the General Fund to the Toxic Substances Control
Account
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|
(176,600,000) | ||||||
Provisions: | |||||||
1. | The Director of Finance shall transfer up to $176,600,000 as a loan from the General Fund to the Toxic Substances Control Account for the Department of Toxic Substances Control to use for any of the following purposes: | ||||||
(a) | Activities related to the cleanup and investigation of properties contaminated with lead in the communities surrounding the Exide Technologies facility in the City of Vernon, California. | ||||||
(b) | Notwithstanding Section 25173.6 of the Health and Safety Code, job training activities related to the cleanup and investigation of the properties contaminated with lead in the communities surrounding the Exide Technologies facility in the City of Vernon, California. | ||||||
(c) | Actions taken to pursue all available remedies against potentially responsible parties, including, but not limited to, cost recovery actions against entities that are potentially responsible, for the costs related to the cleanup and investigation of properties contaminated with lead in the communities surrounding the Exide Technologies facility in the City of Vernon, California. | ||||||
2. | All funds recovered from the potentially responsible parties shall be used to repay the loan made pursuant to this item. If the amount of moneys received from the cost recovery efforts is insufficient to fully repay the loan made pursuant to this item, the Director of Finance may forgive any remaining balance if, at least 90 days before forgiving any balance, the Director of Finance submits a notification to the Joint Legislative Budget Committee. | ||||||
3. | The funds identified in this item shall be available for transfer until June 30, 2018. |