2-15-2108 . Petroleum tank release compensation board. (1) There is a petroleum tank release compensation board. (2) The board consists of seven members appointed by the governor as follows: (a) a representative of the financial or banking industry with experience in small business or property loans; (b) a representative of the petroleum services industry or a representative of the petroleum release remediation consultant industry; (c) a representative of independent petroleum marketers and chain retailers; (d) a representative of the general public; (e) a representative of service station dealers; (f) a representative of the insurance industry; and (g) a person with a background in environmental regulation. (3) The board shall elect a presiding officer. (4) The term of membership is 3 years. (5) Members shall serve without pay, but are entitled to reimbursement for travel, meals, and lodging while engaged in board business, as provided in 2-18-501 through 2-18-503 .
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