The fee collected on behalf of the Administrator by the Marine Exchange shall be deposited in the Vessel Safety Account of the Oil Spill Prevention and Administration Fund in the State Treasury. Money in this account shall be used only for the following purposes:
(a) to establish and fund the operation of a VTIS for the Ports;(b) to reimburse the U.S. Coast Guard for the cost of assigning Coast Guard personnel to the VTIS;(c) to reimburse the Marine Exchange for actual costs incurred in the collection of fees pursuant to this subchapter;(d) to repay any loans made to establish and operate the VTIS;(e) to provide a reasonable reserve for contingencies.Cal. Code Regs. Tit. 14, § 852.29
1. New section filed 3-2-95; operative 4-3-95 (Register 95, No. 9). Note: Authority cited: Section 8670.21, Government Code. Reference: Section 8670.21, Government Code; and Division 3, Chapter 1, Article 4, Harbors and Navigation Code.
1. New section filed 3-2-95; operative 4-3-95 (Register 95, No. 9).