Section 35-11-1211 - [Effective 7/1/2024] Long-term abandoned mine reclamation account(a) There is created the long-term abandoned mine reclamation account. The state treasurer shall, upon direction from the department, deposit up to thirty percent (30%) of the amount of all funds provided to the state by the United States secretary of the interior under section 40701(c) of the Infrastructure Investment and Jobs Act, as amended by section 801 of the Consolidated Appropriations Act, 2023, into the account. The state treasurer shall invest funds in the account in accordance with law, and earnings from these investments shall be credited to the account. The liability of the state to fulfill the requirements of this section is limited to the amount of unobligated, unexpended funds in the account. The state shall have no obligations under this section except to the extent of federal funds deposited into this account and the earnings of the account. No funds in the account shall be expended for any purpose not specified in section 40701(c) of the Infrastructure Investment and Jobs Act, as amended by section 801 of the Consolidated Appropriations Act, 2023. Funds in the account shall be expended only upon legislative appropriation for the following purposes: (i) The abatement of the causes and the treatment of the effects of acid mine drainage resulting from coal mining practices, including for the costs of building, operating, maintaining and rehabilitating acid mine drainage treatment systems;(ii) The prevention, abatement and control of subsidence;(iii) The prevention, abatement and control of coal mine fires.Added by Laws 2024, ch. 4,§ 1, eff. 7/1/2024.