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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.


Petrofund Fee

Petrofund Fee to be Imposed February 1, 2022 to May 31, 2022 The Petrofund Board voted at its November 10, 2021 meeting to impose the Petrofund fee from February 1, 2022 to May 31, 2022. 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 Remotely

Petrofund Board Regular Meeting

The Petrofund Board has scheduled a regular meeting for 10:00 a.m. on Wednesday, May 11, 2022. The meeting will be held remotely, in accordance with Minn. Stat. §13D.021. This meeting is open to the public and participants can join the meeting either online or by phone using Webex:

  • OnlineSign in through the Webex website. The meeting number (access code) is 2492 485 0774 and the meeting password is D3Dw8yFeBh7.
  • By Phone – Call into the meeting using 855-282-6330 (toll free). The meeting number (access code) is 2492 485 0774.

Review the May 11, 2022 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 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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