Hamilton County Auditor Jessica Miranda

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.

REGISTERING PETROLEUM UNDERGROUND STORAGE TANKS

THE BUREAU OF UNDERGROUND STORAGE TANK REGULATIONS (BUSTR)

THE PETROLEUM UNDERGROUND STORAGE TANK RELEASE COMPENSATION BOARD

6606 Tussing Rd., Reynoldsburg, Ohio, 430686606 Tussing Rd., Reynoldsburg, Ohio, 43068

22 West Gay St., Columbus, Ohio, 4321522 West Gay St., Columbus, Ohio, 43215

Mailing Address

P.O. Box 687, Reynoldsburg, Ohio 43068

P.O. Box 163188, Columbus, Ohio 43216

Telephone... (614)752-7938(614)752-7938

Telephone... (614) 752-8963(614) 752-8963

Fax... (614) 752-7942

Fax... (614) 752-8397

Registration Fee... $50 per tank

Annual Fees

Due by July 1st each year

(Political Subdivisions exempt from fee)

2001 Program Year (July 1, 2001-June 30, 2002)

(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.)

$450 per tank/$55,000 deductible
$600 per tank/$11,000 deductible

(only owners of six or fewer tanks may elect the reducted deductible)

For more information visit our web site at

www.com.state.oh.us/ODOC

www.petroboard.com

WHAT DOES OHIO LAW SAY ABOUT OWNING/OPERATING PETROLEUM UNDERGROUND STORAGE TANKS

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.

Complying with BUSTR regulations and acquiring Financial Assurance Fund coverage is required for the lawful ownership and operation of your USTs.

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.

Participation in the Financial Assurance Fund is mandatory under state and federal law.

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.

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.