Washington Administrative Code › Title 173 - Ecology, Department of (See also Titles 197, 317, 372, and 508) › Chapter 173-360A - Underground storage tank regulations › Part 10 - FINANCIAL RESPONSIBILITY › Section 173-360A-1095 - Appendix P-Local government fund-Letter from chief financial officer

Current through Register Vol. 24-14, July 15, 2024
I am the chief financial officer of [insert: name and address
				  of local government owner or operator, or guarantor]. This letter is in support
				  of the use of the local government fund mechanism to demonstrate financial
				  responsibility for [insert: "taking remedial action" and/or "compensating third
				  parties for bodily injury and property damage"] caused by [insert: "sudden
				  accidental releases" or "nonsudden accidental releases" or "accidental
				  releases"] in the amount of at least [insert: dollar amount] per occurrence and
				  [insert: dollar amount] annual aggregate arising from operating (an)
				  underground storage tank(s).
Underground storage tanks at the following facilities are
				  assured by this local government fund mechanism: [List for each facility: the
				  name and address of the facility where tanks are assured by the local
				  government fund].
[Insert: "The local government fund is funded for the full
				  amount of coverage required under WAC 173-360A-1015, or funded for part of the
				  required amount of coverage and used in combination with other mechanism(s)
				  that provide the remaining coverage," or "The local government fund is funded
				  for five times the full amount of coverage required under WAC 173-360A-1015, or
				  funded for part of the required amount of coverage and used in combination with
				  other mechanisms(s) that provide the remaining coverage," or "A payment is made
				  to the fund once every year for seven years until the fund is fully funded and
				  [name of local government owner or operator] has available bonding authority,
				  approved through voter referendum, of an amount equal to the difference between
				  the required amount of coverage and the amount held in the dedicated fund" or
				  "A payment is made to the fund once every year for seven years until the fund
				  is fully funded and I have attached a letter signed by the State Attorney
				  General stating that (1) the use of the bonding authority will not increase the
				  local government's debt beyond the legal debt ceilings established by the
				  relevant state laws and (2) that prior voter approval is not necessary before
				  use of the bonding authority"].
The details of the local government fund are as follows:
				  Amount in Fund (market value of fund at close of last fiscal year):
				  _________________
[If fund balance is incrementally funded as specified in WAC
				  173-360A-1073(3)(c), insert: Amount added to fund in the most recently
				  completed fiscal year: ______________
Number of years remaining in the pay-in period: ______
A copy of the state constitutional provision, or local
				  government statute, charter, ordinance or order dedicating the fund is
				  attached.
I hereby certify that the wording of this letter is identical
				  to the wording specified in WAC 173-360A-1095 as such regulations were
				  constituted on the date shown immediately below.
[Date]
[Signature]
[Name]
[Title]
Reviser's note:
The brackets and enclosed
					 material in the text of the above section occurred in the copy filed by the
					 agency and appear in the Register pursuant to the requirements of
					 RCW
					    34.08.040.