LEG00236

• Bill Number: SB83-15
• Year: 1983
• Title: Concerning Reservoirs and Relating to the Inspection and Regulation Thereof and the Provision of Liability Insurance Therefor and Making an Appropriation Therefor
• Legislation - Doc Type: Other CWCB Related Bills - Killed

10

11
12
13
14
15
16

17

18

19
20
21

~ organization for any statements made in good faith by any of

2 them during any proceedings or concerning any matters within

3

the scope of this part 11.
10-4-1113. Tax exemption.

The association shall be

4

5

exempt from the payment of all fees and all taxes levied by

6 this state or any of its political subdivisions, except ad

7 valorem taxes levied on real or personal property.

8 PART 12
9 RESERVOIR LIABILITY EXTRAORDINARY

LOSS FUND

10-4-1201. Definitions. As used in this part 12, unless

the context otherwise requires:

(1) "Fund" means the reservoir 1 iabil ity extraordinary

loss fund created pursuant to this part 12.
(2) "Special committee" means a committee composed of

,
the commissioner, the state auditor, and the executive

director of the department of natural resources.

10-4-1202. Creation of fund upon finding coverage

unavailable.

(1) The reservoir liability extraordinary loss

fund provided for in this part 12 may not be created until the

special committee, after notice and an opportunity for a

22 hearing, finds that, in the foreseeable future, the coverage

23 to be provi ded by the fund wi 11 not be avail ab 1 e in the

24 voluntary market or the cost of such coverage will be so
25 unreasonably expensive as to be practicably unavailable.

26

(2) It is the duty of the commissioner to determine,

-27-

".
1

\~

,~--~
:,"~,~',"~~~~~. '
L A."~'
, /,~
f"'~~
\.17

t~'N-'M~
[~~
\;3!.
~
~"-
~
rPT~
~
Oil
,.
'l;,

,!J

", r

,
"

I

,
, ,

,
,I

,I

i
I

ii
'1
I,
,
"

,
I
I
I
I

,
ii
I
Ii
I'
11