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 Next Regular Meeting
The Petrofund Board has scheduled a regular meeting for 11:00 a.m. on Wednesday, November 13, 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:
- Meeting ID: 295 882 950 395
- Passcode: EKMtZv
- Dial in by phone +1 651-395-7448,,710116136# United States, Minneapolis
- Find a local number
- Phone conference ID: 710 116 136#
Join on a video conferencing device Tenant key: mn@m.webex.com
- Video ID: 113 972 416 6
- More info
Review the November 13, 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'.