Oklahoma State Senate Communications Division
Oklahoma City, Oklahoma 30 For Immediate Release: April 29, 2003 Clip
Senate President Pro Tempore
Senator Hobson Comments on Investigative Audit
Of the Underground Storage Tank Indemnity Fund Last year, legislation that I carried in the Senate mandated an audit of the Underground Storage Tank Indemnity Fund. I was briefed on the contents of this investigative audit this morning. Based on that briefing I have a number of concerns about the management of the fund concerns I dont believe would have come to light had the Legislature not mandated this investigative audit.
Admittedly, I havent had a chance to fully digest all of its contents so I dont believe it would be appropriate for me to comment on specifics at this time. The Attorney Generals office will begin its own audit and will make any determination of whether further action is warranted.
We do anticipate receiving a list of recommendations for potential changes in state statutes in connection with the Underground Storage Tank Indemnity Fund. We will consider those recommendations when we receive them.