Getting financial assistance from the Petrofund comes in the form of reimbursement for incurred costs. The fund reimburses eligible applicants up to 90 percent of "reasonable and necessary" costs they incur in responding to a petroleum tank leak. The fund has published maximum cost guidelines to assist applicants in determining which costs qualify as reasonable, and the Minnesota Pollution Control Angency determines what work is necessary to protect public health, welfare and the environment. The maximum amount of reimbursement is $1 million for costs associated with a single tank leak and $2 million for costs associated with a single facility.
Applicants can access all the necessary reimbursement forms here.
Responsible parties -- Owners or operators of underground or above ground petroleum storage tanks where a release has occured.
Volunteers -- Those who do not qualify as a Responsible Person, but who hold legal or equitable title to the property where a petroleum tank release occurred.
Other persons -- Those who do not qualify as a responsible party or volunteer, but who took corrective action at the request or order of the Minnesota Pollution Control Agency.
Applicants need to be actively involved to ensure that investigative and clean-up work is conducted competently and cost-effectively. Applicants are also expected to:
Obtain a proposal (and competitive bids, when required by the rules) for all work performed.
Ensure that all consultants and contractors are registered with the Petrofund.
Complete the Petrofund application and review all costs for accuracy.
Pay unpaid consultant or contractor bills within 30 days of receiving reimbursement.