(Expires July 1, 2030.) (1) A recipient of a loan or grant may not use these funds to conduct remedial actions of a release or threatened release from a petroleum underground storage tank system requiring financial assurances under chapter 70A.355 RCW or subtitle I of the solid waste disposal act (42 U.S.C., chapter 82, subchapter IX) unless the owner or operator: (a) Agrees to first expend all moneys available under the required financial assurances; (b) Demonstrates that all moneys available under the required financial assurances have been expended; or (c) Demonstrates that a claim has been made under the required financial assurances and the claim has been rejected by the provider. (2) A recipient must use a loan or grant for a project that develops and acquires assets that have a useful life of at least thirteen years.
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