Oil and Hazardous Substance Releases (Alaska Statutes: Title 46 Water, Air, Energy, and Environmental Conservation; Chapter 08) Country/Territory United States of America Territorial subdivision Alaska Document type Legislation Date 2019 Source FAO, FAOLEX Subject Environment gen., Water Keyword Hazardous substances Oil pollution Pollution control Special fund Hazards Freshwater pollution Water quality standards Geographical area Americas, Arctic, East Pacific, North America, North Atlantic Abstract This chapter of the Alaska Statutes regulates oil and hazardous substance releases. It declares that the release of oil or hazardous substances into the environment presents a real and substantial threat to the public health and welfare, to the environment, and to the economy of the state. The legislature therefore concludes that it is in the best interest of the state and its citizens to provide a fund containing two accounts. Within the fund, one account consists of money readily available to the commissioner for the payment of the expenses incurred by the department during a response to a release or threatened release of oil or hazardous substances and for related purposes intended to address those releases; the other account consists of money that the state may use during a response to a release of oil or a hazardous substance and to a threatened release of oil or a hazardous substance, to pay the expenses of making preparations for the possibility of a release or threatened release of oil or hazardous substances, to reduce the amount, degree, or intensity of a release or threatened release, and for other related purposes identified in law. Full text English Website www.akleg.gov