Corrective action fund definition

Corrective action fund or “fund” means the fund created pursuant to the Ground Water Protection Act, Section 74-6B-7 NMSA 1978, to pay or reimburse for corrective action performed pursuant to 20.5 NMAC and the Ground Water Protection Act.
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Corrective action fund means the fund or funds held by the County to pay unanticipated costs of environmental mitigation, remediation, or liability.
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Related to Corrective action fund

  • Corrective action means action taken to eliminate the cause of a potential or real non- conformity or other undesirable situation;

  • Adverse action means a home or remote state action.

  • Hazardous Materials Claims means any and all enforcement, clean up, removal or other governmental or regulatory actions or orders threatened, instituted or completed pursuant to any Hazardous Material Laws, together with all claims made or threatened by any third party against any portion of the Premises, Landlord or Tenant relating to damage, contribution, cost recovery compensation, loss or injury resulting from any Hazardous Materials.