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 Board Meeting to be Held Remotely
In response to the emergency and shelter-in-place orders issued by Governor Tim Walz in response to the Covid-19 pandemic, the Petrofund Board’s regular meeting scheduled for 10:00 a.m. on Wednesday, May 13 will be held remotely (in accordance with Minnesota Statute §13D.021). The meeting will be open to the public and will be accessible through Webex videoconferencing. The meeting number is 960 337 219 and the meeting password is 2HRpc98HMpm. A copy of the meeting information packet can be found here: [link to attached packet]. If you have any questions about the Board meeting, please direct them to the Petrofund general email address at firstname.lastname@example.org.
Board meeting information packet (.pdf)
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 2016 legislative session, the Petrofund 'sunset date' was extended from June 30, 2017 to June 30, 2022.