Weights & Measures Division
IMPORTANT INFORMATION FOR OWNERS OF PETROLEUM
UNDERGROUND STORAGE TANKS |
As a result of recent changes in Federal Regulations and Ohio law, owners of petroleum underground
storage tanks must register them with Bureau of Underground Storage Tank Regulation (BUSTR) and acquire
Financial Assurance Fund coverage. The following information was provided by the State of Ohio and
we are posting it as a public service. If you have any questions, please contact the agencies named.
Thank you.
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Registering Petroleum Underground Storage Tanks
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| The Bureau of Underground Storage Tank Regulations (BUSTR) |
6606 Tussing Rd.
Reynoldsburg, OH 43068 |
| Peter Chace, Bureau Chief |
Mailing Address
P.O. Box 687, Reynoldsburg, OH 43068 |
| Telephone...............614-752-7938 |
| Fax........................614-752-7942 |
| Registration Fee..........$50 per tank |
| (Due by July 1 each year) |
| (Political Subdivisions exempt from fee) |
(Heating oil tanks used for consumptive use on premises
where
stored and farm or residential tanks with a capacity
of 1,100 gallons or less are
exempt from registration and paying fees.) |
For more information visit our web site at
www.com.state.oh.us/ODOC |
| The Petroleum Underground Storage Tank Release Compensation Board |
22 West Gay St.
Columbus, OH 43215 |
| Carol DeVore, Executive Director |
Mailing Address
P.O. Box 163188, Columbus, OH 43216 |
| Telephone...............614-752-8963 |
| Fax.........................614-752-8397 |
| Annual Fees: Due by July 1 each year |
| $450 per tank/$55,000 deductible |
$600 per tank/$11,000 deductible
(only owners of six or fewer tanks may elect the reduced deductible) |
| 2001 Program Year(July 1, 2001-June 30, 2002) |
For more information visit our web site at
www.petroboard.com |
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What Does Ohio Law Say About Owning/Operating Petroleum Underground storage tanks
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Failure to register tanks with the Bureau of Underground Storage Tank Regulations (BUSTR) and to assure
your tanks with the Financial Assurance Fund (Fund) may result in civil and/or criminal penalties.
It is state and federal law that all petroleum USTs must be registered annually with BUSTR and a valid
financial responsibility mechanism for each facility is kept current.
BUSTR regulates Ohio's underground storage tank program.
BUSTR works to prevent and detect releases of petroleum from regulated USTs
and to review and evaluate corrective actions when a petroleum release occurs.
When UST ownership is transferred the new owner must submit
a transfer registration form along with the registration fee within 30 days. Owners installing new USTs must submit
a new facility registration form and registration fee within 30 days of placing the USTs into service.
A valid financial responsibility mechanism must be secured
and kept current for the UST facility. This mechanism is needed to cover the deductible
amount not covered by the Fund.
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Participation in the Financial Assurance Fund is mandatory under
state and federal law.
The Fund provides coverage for clean up costs and third-party
property and bodily injury damages associated with releases from petroleum USTs.
The Petroleum UST Release Compensation Board (Board) administers the Fund. The
Board assesses annual fees and issues Certificates of Coverage to all owners who pay
the annual fees, demonstrate coverage for the fund deductible, and certify their
USTs are assurable.
In the event of an accidental release of petroleum, an owner
with a valid Certificate of Coverage will be reimbursed for eligible and documented costs. the maximum amount of
coverage per release is $1 million minus the deductible amount. Proof of payment for corrective actions
equal to the deductible amount is required before the Fund reimbursement begins.
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Complying with BUSTR regulations and acquiring Financial Assurance Fund
coverage is required for the lawful ownership and operation of your USTs.
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