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EK 16: Transfer on death, bankruptcy, or liquidation
or “What happens to your environmental restoration account when you die, go bankrupt, or your company is liquidated”

You could also call this:

“Minimum amount for refunds or transfers from environmental restoration accounts”

You can’t get a refund or have money transferred from your environmental restoration account if the amount is too small. The Commissioner won’t give you a refund or make a transfer under sections EK 9, EK 12, EK 15, EK 16, and EK 19 if it’s less than $1,000 or less than what’s left in your account. They’ll choose whichever of these two amounts is smaller. This rule makes sure that only significant amounts are processed.

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Next up: EK 18: Payments from which refunds come

or “How refunds from your environmental restoration account are processed”

Part E Timing and quantifying rules
Environmental restoration accounts

EK 17Minimum refund or transfer

  1. The Commissioner must not give a refund or make a transfer under any of sections EK 9, EK 12, EK 15, EK 16, and EK 19 that is less than the lesser of—

  2. $1,000; and
    1. the balance in the person’s environmental restoration account on the date on which the refund or transfer is made.
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