S.C. Code Regs. § § 61-107.1.M

Current through Register Vol. 48, 12, December 27, 2024

Section 61-107.1.M - Petroleum Grant Fund Allocation and Requirements

1. Two-fifths ( 2/5) of the funds shall be used to establish incentive programs to encourage:

a. individuals who change their own oil to return their used oil to used oil collection centers;

b. the establishment and continued operation of collection centers which accept used oil; and,

c. the establishment and continued operation of recycling facilities which prepare used oil for reuses or which utilize used oil in a manner that substitutes for a petroleum product made from new oil.

2. Two-fifths ( 2/5 ) of the petroleum fund shall be used to provide grants for local government or regional projects that the Office determines will encourage the collection, reuse and proper disposal of used oil and similar lubricants. Local government or regional activities may include one or more of the following programs:

a. curbside pickup of used oil containers by a local government or its designee;

b. retrofitting of solid waste equipment to promote curbside pickup or disposal of used oil at used oil collection centers designated by the local government;

c. establishment of publicly operated used oil collection centers at landfills or other public places; or,

d. providing containers and other materials and supplies that the public can utilize in an environmentally sound manner to store used oil for collection and return to the used oil collection center.

3. One-fifth ( 1/5) of the funds shall be used for public education and research including, but not limited to, reuses, disposal and development of markets for used oil and similar lubricants.

4. The petroleum oil fee shall be imposed until the unobligated principal balance of the Petroleum Fund equals or exceeds three million dollars ($3,000,000.00). The Tax Commission shall be required to adjust the rate of the fee to reflect a full year's collection to produce the amount of revenue required in the fund. The increase or decrease in the fee made by the Tax Commission shall take effect for sales beginning on or after the first day of the third month following determination by the Commission.

S.C. Code Regs. § 61-107.1.M