Leaks for petroleum storage tanks are one of the nation's leading causes of groundwater pollution.
To help address this problem, the Minnesota Legislature established the Petroleum Tank Release Cleanup Fund (Petrofund) which reimburses eligible applicants up to 90% of "reasonable and necessary" costs they incur in responding to a petroleum tank leak.
The Petroleum Tank Release Compensation Board oversees the reimbursement program. It has five members: a petroleum industry representative, a person with claims adjusting experience, a public member, the Commissioner of the Pollution Control Agency, and the Commissioner of Commerce.
Petrofund Fee Imposed April 1 to July 31
The Petrofund Board voted at its January 25, 2023 meeting to impose the Petrofund fee from April 1, 2023 to July 31, 2023. If you have any questions or need any additional information, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 or by email at email@example.com.
Petrofund Board Meeting to be Held Hybrid
Petrofund Board's Next Regular Meeting
The Petrofund Board has scheduled a regular meeting for 10:00 a.m. on Tuesday, May 16, 2023. The meeting will be held in person in the Summit Conference Room at the Minnesota Department of Commerce, 85 7th Place East, St. Paul, MN 55101. Attendees will need to check in at the Department Front Desk on the Skyway Level of the Golden Rule Building and be escorted to the meeting room.
Participants can also join the meeting either online or by phone using Webex:
- Online – Sign in through the Webex website. The meeting number (access code) is 2489 098 2807 and the meeting password is mvSu3qJth35.
- By Phone – Call into the meeting using 855-282-6330 (toll free). The meeting number (access code) is 2489 098 2807.
Review the May 16, 2023 Board regular meeting information packet. If you have any questions about the Board meeting, please contact the Petrofund by phone at 651-539-1515 or by email at firstname.lastname@example.org.
Change in Petrofund Contractor Registration Requirement
During the 2019 Legislative session, the Petrofund law was amended to reduce the number of times contractors need to complete registration applications. Beginning August 1, 2019, contractors will only need to register with the Petrofund every two years, rather than annually. Contractors will continue to receive a registration reminder from the Petrofund shortly before their registration is scheduled to lapse.
Consultants must still renew their registrations annually in conjunction with the renewal of their professional liability insurance coverage.
If you have questions about the meeting or need any additional information, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 or by email at email@example.com.
Statutes And Rules
The Petrofund Program is governed by Minnesota Statute 115C and Minnesota Rules 2890.
During the 2021 legislative session, the Petrofund 'sunset date' of June 30, 2022 was removed. The Petrofund no longer has a 'sunset date'.