IMPORTANT INFORMATION FOR OWNERS OF PETROLEUM
UNDERGROUND STORAGE
TANKS
As a result of recent changes in Federal Regulations and Ohio law, owners of
petroleum underground storage tanks must register them with Bureau of
Underground Storage Tank Regulation (BUSTR) and acquire Financial Assurance
Fund coverage. The following information was provided by the State of Ohio and
we are posting it as a public service. If you have any questions, please
contact the agencies named.
Thank you.
Registering Petroleum Underground Storage Tanks
The Bureau of Underground Storage Tank Regulations (BUSTR) |
The Petroleum Underground Storage Tank Release Compensation Board |
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| 6606 Tussing Rd. Reynoldsburg, OH 43068 |
22 West Gay St. Columbus, OH 43215 |
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| Peter Chace, Bureau Chief | Carol DeVore, Executive Director | ||
| Mailing Address P.O. Box 687, Reynoldsburg, OH 43068 |
Mailing Address P.O. Box 163188, Columbus, OH 43216 |
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| Telephone...............614-752-7938 | Telephone...............614-752-8963 | ||
| Fax........................614-752-7942 | Fax.........................614-752-8397 | ||
| Registration Fee..........$50 per tank | Annual Fees: Due by July 1 each year | ||
| (Due by July 1 each year) | 2001 Program Year(July 1, 2001-June 30, 2002) | ||
| (Political Subdivisions exempt from fee) | $450 per tank/$55,000 deductible | ||
| (Heating oil tanks
used for consumptive use on premises where stored and farm or residential tanks with a capacity of 1,100 gallons or less are exempt from registration and paying fees.) |
$600 per tank/$11,000
deductible (only owners of six or fewer tanks may elect the reduced deductible) |
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| For more information visit our web
site at www.com.state.oh.us/ODOC |
For more information visit our web
site at www.petroboard.com |
What Does Ohio Law Say About Owning/Operating Petroleum Underground storage tanks | ||
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| It is state and federal law that all petroleum USTs must be registered annually with BUSTR and a valid financial responsibility mechanism for each facility is kept current. |
Participation in the Financial Assurance Fund is mandatory under state and federal law. |
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BUSTR regulates Ohio's underground storage tank program. BUSTR works to prevent and detect releases of petroleum from regulated USTs and to review and evaluate corrective actions when a petroleum release occurs. When UST ownership is transferred the new owner must submit a transfer registration form along with the registration fee within 30 days. Owners installing new USTs must submit a new facility registration form and registration fee within 30 days of placing the USTs into service. A valid financial responsibility mechanism must be secured and kept current for the UST facility. This mechanism is needed to cover the deductible amount not covered by the Fund. |
The Fund provides coverage for clean up costs and third-party property and bodily injury damages associated with releases from petroleum USTs. The Petroleum UST Release Compensation Board (Board) administers the Fund. The Board assesses annual fees and issues Certificates of Coverage to all owners who pay the annual fees, demonstrate coverage for the fund deductible, and certify their USTs are assurable. In the event of an accidental release of petroleum, an owner with a valid Certificate of Coverage will be reimbursed for eligible and documented costs. the maximum amount of coverage per release is $1 million minus the deductible amount. Proof of payment for corrective actions equal to the deductible amount is required before the Fund reimbursement begins. |
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