- Alaska Statutes.
- Title 46. Water, Air, Energy, and Environmental Conservation
- Chapter 8. Oil and Hazardous Substance Releases
- Section 5. Purpose of Fund; Description of Accounts.
previous: Chapter 8
. Oil and Hazardous Substance Releases
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. Fund Established.
AS 46.08.005. Purpose of Fund; Description of Accounts.
The legislature finds and declares that the release of oil or hazardous substances into the environment presents a real
and substantial threat to the public health and welfare, to the environment, and to the economy of the state. The
legislature therefore concludes that it is in the best interest of the state and its citizens to provide a fund
containing two accounts. Within the fund,
- (1) one account consists of money readily available to the commissioner for the payment of the expenses incurred by the
Department of Environmental Conservation during a response to a release or threatened release of oil or hazardous
substances when authorized by AS 46.08.045 and for
related purposes intended to address those releases;
- (2) the other account consists of money that the state may use during a response to a release of oil or a hazardous
substance, other than one described in (1) of this subsection, and to a threatened release of oil or a hazardous
substance, to pay the expenses of making preparations for the possibility of a release or threatened release of oil or
hazardous substances, to reduce the amount, degree, or intensity of a release or threatened release, and for other
related purposes identified in law.
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