1. There is hereby created within the state treasury an "Extended Care and Long-term Liability Account". In the event that Missouri is designated a host state, the governor and the general assembly shall allocate fee revenues received pursuant to article VI(i) of the midwest low-level radioactive waste compact to the account to adequately provide for the costs of:
(1) Decommissioning and other procedures required for the closure of a regional facility;
(2) Monitoring, inspection and other procedures required for the extended care of a regional facility;
(3) Cleaning up radioactive releases from a regional facility as is necessary to protect human health and the environment;
(4) Compensating any person for medical and other expenses incurred from damages to human health, personal injuries suffered from damages to human health and damages or losses to real or personal property, and cleaning up real or personal property as necessary because of radioactive releases from a regional facility; and
(5) Purchasing insurance or other similar financial protection arrangements consistent with the purposes of the account.
2. This section shall in no manner limit the financial responsibilities of the site operator pursuant to section 260.715.