Bill > H727

This bill proposes to establish a dedicated fund called the "Underground Storage Tank Petroleum Product Cleanup Fund" within the state's financial system. This fund will be used, with legislative approval (appropriation), for specific cleanup purposes outlined in Chapter 21J of the General Laws, which likely details regulations and procedures for dealing with petroleum product releases from underground storage tanks. Money will be deposited into this fund from various sources, including fees and penalties collected under Chapter 21J, any designated appropriations, grants, gifts, or other contributions, and any interest earned on the fund's balance. Importantly, the bill sets a limit on how much can be spent from the fund each fiscal year, ensuring that expenditures do not exceed the available cash balance from the previous December 31st, minus certain specified amounts related to Chapter 21J.