The Petroleum Fund (Fund) provides partial reimbursement to qualified storage tank owners/operators for corrective action costs required as a result of a petroleum release. It allows for voluntary enrollment of both regulated USTs and non-regulated ASTs and automatically covers releases from residential heating oil tanks.
The Fund was implemented in 1989 to help UST owners/operators meet the federal requirements for financial responsibility pursuant to 40 CFR 280.90 through 280.99