UST FUND UPDATES
Regulatory Guidance, Compliance, Reimbursement, and more
Old USTs? New CO Policies Offer Incentives
As an underground storage tank (UST) owner or operator, you know the lurking prospect of discovering a release upon equipment upgrade or tank removal and the potential cost to your business through business disruption or costly clean-up activities. To encourage compliance for operating fuel-dispensing facilities and to promote the environmental benefits of removing tank systems without replacing, Colorado’s Petroleum Storage Tank Committee is now offering incentives to defray the often-unanticipated costs of cleaning up a new release. Continue reading to learn more about how these incentives can minimize the cost to your business and how Pinnacle EMS can help you leverage this program while focusing on your business.
Good News in Indiana! Changes to UST Cleanup Reimbursement Law
Effective July 1, 2017, Indiana House Bill 1495 will benefit claimants of the Excess Liability Trust Fund (ELTF). Costs paid by the claimant to technicians for services performed in preparation of the claimant’s ELTF claim will be reimbursable. So, reasonable costs for obtaining professional assistance with claims will no longer be an out-of-pocket expense for claimants.
IN Fund Improvements Proposed in SB 255
Indiana Senate Bill 255 proposes to accelerate and increase the number of claim payments from the Excess Liability Trust Fund (ELTF). The bill also calls for a 90-day review period for IDEM to approve or deny a Corrective Action Plan (CAP). This provision could greatly improve the current CAP approval process, which can be unreasonably long and cause reimbursement delays