75-26-308. Wind and solar decommissioning account -- use of existing resources.
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75-26-308 . Wind and solar decommissioning account -- use of existing resources.
(1)There is a wind and solar 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);
(b)proceeds from the sale of assets secured by liens on a wind generation facility or solar facility that has been liquidated pursuant to 75-26-305 (3); and
(c)interest income earned on the account.
(2)Funds in the wind and solar decommissioning account are statutorily appropriated, as provided in 17-7-502 , to the department.
(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.