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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.

Notices

The Petrofund Board’s regular meeting scheduled for Wednesday, September 11, 2019 has been cancelled. The Board’s next regular meeting will be held on Wednesday, November 13, 2019. If you have any questions about the Board meetings, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 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 2016 legislative session, the Petrofund 'sunset date' was extended from June 30, 2017 to June 30, 2022.

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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