(1) There is a wind decommissioning account within the state special revenue fund established in 17-2-102. There must be paid into the account:
- (a) penalties collected in accordance with 75-26-304(9); and
- (b) interest income earned on the account.
- (2) Funds in the wind decommissioning account are statutorily appropriated, as provided in 17-7-502, to the department.
(3)
- (a) Money in the account may only be used by the department in implementing this part and rules adopted pursuant to this part.
- (b) The department shall administer this part using existing resources and money in the account pursuant to subsection (1).
- (4) The department shall maintain and hold bonds or other surety received by the department as authorized in 75-26-304 for use in accordance with this part.
History: En. Sec. 3, Ch. 247, L. 2017.