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.
Petrofund Fee Notice
The Petrofund Board voted at its September 14, 2016 regular meeting to impose the Petrofund fee from January 1, 2017 to April 30, 2017. If you have any questions, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 or by email at email@example.com.
Based on new laws passed during the 2016 Legislative Session, the following changes to the Petrofund went into effect on August 1, 2016.
Sunset Date Extension: The Petrofund 'sunset date' has been extended from June 30, 2017 to June 30, 2022.
New Maximum Reimbursement Amounts: The maximum reimbursement of $1 million per release has been increased to $2 million per release and the maximum reimbursement of $2 million per tank facility has been removed.
Limited Tank Removal Eligibility: Costs related to the physical removal of a tank are now eligible for reimbursement when the removal was required by the Minnesota Pollution Control Agency as a necessary part of a corrective action, regardless of whether or not the tank was leaking at the time of removal. If you have any questions about these changes, please contact the Petrofund at 651-539-1515 or 800-638-0418 or firstname.lastname@example.org.
The regular Petrofund Board meeting scheduled for Wednesday, January 11, 2017 has been cancelled. The next regular Petrofund Board meeting will be held on Tuesday, February 28, 2017 at 10:00 a.m. at the Minnesota Department of Commerce, 85 Seventh Place East, St. Paul, MN. If you have any questions about Board meetings, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 or by email at email@example.com.
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 Board Meeting Agenda, November 9, 2016
Statutes And Rules
The Petrofund Program is governed by Minnesota Statute 115C and Minnesota Rules 2890.
During the 2016 legislative session, the Petrofund 'sunset date' was extended from June 30, 2017 to June 30, 2022.