Michigan's Underground Storage Tank Cleanup Fund

The New Michigan Underground Storage Tank Cleanup Fund is up and running and open for business. Signed into law in December of 2014, the Fund is now available to owners and operators of refined petroleum underground storage tanks as a means of meeting their financial responsibility requirements. Alo...

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Bibliographic Details
Published inMichigan Banker Vol. 27; no. 12; p. 14
Main Authors Bosanic, Pete, Griffin, Mark
Format Trade Publication Article
LanguageEnglish
Published Lansing Public Relation Enterprises, Inc 01.12.2015
Subjects
Guidelines
Insurance coverage
Insurance policies
Requirements
Tax returns
Trust funds
Underground storage
United States > US
Michigan
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Summary:The New Michigan Underground Storage Tank Cleanup Fund is up and running and open for business. Signed into law in December of 2014, the Fund is now available to owners and operators of refined petroleum underground storage tanks as a means of meeting their financial responsibility requirements. Along with reimbursing owners or operators (O/O) for corrective actions on releases from leaking UST systems, the fund seeks to assist O/Os in meeting the US Environmental Protection Agency (EPA) financial responsibility (FR) requirements. To submit Requests for Determinations and Deductible Buy-Downs, the following steps need to be followed: 1. Count tanks. 2. Submit proof of FR for the appropriate deductible amount. 3. Submit a request for determination of eligibility form for MUSTA. Upon approval of a Request for Determination, MUSTA will send the O/O a letter describing the approval, the conditions for maintaining eligibility for a claim and the amount of coverage provided by the Fund.
ISSN:1044-1948