Examples of Multistate Trust in a sentence
Xxxx Xxxxxxx, Xxxxxxxx & Xxxxxxx, PLL Xxx Xxxx 0xx Xxxxxx, Xxxxx 0000 Xxxxxxxxxx, XX 00000 For Greenfield Environmental Multistate Trust, LLC Xxxx Xxxxxxxxx, Vice President Greenfield Environmental Multistate Trust, LLC Trustee of the Multistate Environmental Response Trust Greenfield Environmental Trust Group, Inc.
The purpose of the Multistate Trust Work Account for the Non-Owned Service Stations shall be to provide funding for future Environmental Actions included in the approved budget set forth in Paragraph 12 below with respect to those Non-Owned Service Stations, but shall not be used to fund certain future oversight costs of the Governments with respect to any of those Non-Owned Service Stations, and the Multistate Trust shall not be responsible for any such oversight costs.
For the purpose of Sites located in Texas, the Texas Commission on Environmental Quality (“TCEQ”), after consultation with the Multistate Trustee and US EPA, may in TCEQ’s sole discretion direct the Multistate Trustee to transfer funds from one Texas Site’s Multistate Trust Environmental Cost Account to one or more Multistate Trust Environmental Cost Accounts for other Texas Sites.
Funding from a Multistate Trust Environmental Cost Account for any Multistate Owned Funded Site may not be used for any other Owned Site or Non-Owned Site, except as otherwise expressly provided by and in accordance with Paragraph 13 below.
The Lead Agency shall have the authority to approve or disapprove the proposed budget for the relevant Multistate Trust Environmental Cost or Work Account, but only after consultation with the Non-Lead Agency where the Non-Lead Agency requests such consultation (the “Non Lead Agency” will be US EPA for Sites where a State is the Lead Agency, and the State when US EPA is the Lead Agency).
The purpose of a Multistate Trust Environmental Cost Account for a Multistate Owned Funded Site shall be to provide funding for future Environmental Actions and certain future oversight costs of the Governments included in the approved budget set forth in Paragraph 12 below with respect to that Multistate Owned Funded Site.
Within 90 days following the Effective Date in the first year and thereafter by January 1 of each year following the Effective Date, the Multistate Trustee shall provide to the Lead Agency for each of the Multistate Trust Environmental Cost and Work Accounts, a statement showing the balance of each cost account and proposed budget for the coming year.
At any time after the Effective Date, the United States and the State in which a Multistate Owned Site is located, after consultation with the Multistate Trustee, may jointly direct the Multistate Trustee to transfer funds from that Site’s Multistate Trust Environmental Cost Account to one or more Multistate Trust Environmental Cost Accounts for other Sites located in the same State.
The Multistate Trustee shall cause any taxes imposed on the earnings of the Multistate Trust, if any, to be paid out of such earnings and shall comply with all tax reporting and withholding requirements imposed on the Multistate Trust under applicable tax laws.
The Multistate Trustee shall at all times seek to have the Multistate Trust treated as a “qualified settlement fund” as that term is defined in Treasury Regulation section 1.468B-1.