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Petrofund

Petrofund

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 Proposal-Invoice Forms Updated to Account for Electronic Data Reporting Task

To help applicants and consultants account for the costs related to complying with the Minnesota Pollution Control Agency’s electronic data reporting requirement, the Petrofund Board has approved the addition of an Electronic Data Reporting task to the following Petrofund proposal-invoice forms listed in the Standardized Bid Proposal and Invoice Forms section below:

  • Excavation Soil Disposal Oversight;
  • Standard Scope Invoice Form;
  • Nonstandard Scope Invoice Form; and
  • Consultant Change Order Form.

The updated forms can be found by clicking on the links for each form.

If you have any questions or need additional information, please contact the Petrofund at 651-539-1515 or petrofund.commerce@state.mn.us.


Petrofund Fee Imposed May 1 to August 31

The Petrofund Board voted at its January 11, 2024 meeting to impose the Petrofund fee from May 1, 2024 to August 31, 2024. 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 petrofund.commerce@state.mn.us.


Petrofund Board Meeting to be Held Hybrid

Petrofund Board's Next Regular Meeting 

The Petrofund Board has scheduled a regular meeting for 11:00 a.m. on Wednesday, May 8, 2024. 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 Microsoft Teams: 

Microsoft Teams meeting  

Need help?  

Join the meeting now  

Meeting ID: 217 105 642 715
Passcode: tgEUe9

Dial-in by phone
+1 651-395-7448 ,, 134994581#  United States, St. Paul
Find a local number
Phone conference ID: 134 994 581#  

Join on a video conferencing device
Tenant key: mn@m.webex.com
Video ID: 118 989 847 5
More info  

Review the May 8, 2024 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 petrofund.commerce@state.mn.us


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 petrofund.commerce@state.mn.us.


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'.


Forms

Abandoned Tank Program

Leaks from petroleum storage tanks are one of the nation's leading causes of groundwater pollution. To prevent further soil and groundwater contamination and to protect the safety of all Minnesotans, the state's Petroleum Tank Release Compensation Board (Petrofund Board) developed a new initiative to help landowners address the problem and cover the costs. In 2003 the Petrofund Board received authorization from the Minnesota Legislature to pay for the removal of abandoned underground storage tanks across Minnesota.

Underground Storage Tank Removal Program (.pdf)

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