There is hereby established the Climate Superfund Cost Recovery Program administered by the Climate Action Office of the Agency of Natural Resources. The purposes of the Program shall be all of the following:
(1) to secure compensatory payments from responsible parties based on a standard of strict liability to provide a source of revenue for climate change adaptation projects within the State;
(2) to determine proportional liability of responsible parties;
(3) to impose cost recovery demands on responsible parties and issue notices of cost recovery demands;
(4) to accept and collect payment from responsible parties;
(5) to develop, adopt, implement, and update the Strategy that will identify and prioritize climate change adaptation projects; and
(6) to disperse funds to implement climate change adaptation projects identified in the Strategy.