Ohio Petroleum Underground Storage Tank Release Compensation Board
ABOUT THE BOARD
The Ohio Petroleum Underground Storage Tank Release Compensation Board (The Board) consists of government and industry representatives and has the primary responsibility of administering the Petroleum Financial Assurance Fund (“the Fund”). The Fund is a source of money derived from mandatory per-tank fees and is available to eligible underground storage tank owners to reimburse petroleum release clean up costs.
Please note: the Board does not issue permits for tank removal, installation, or repair and does not supervise the clean up of releases. Instead, these things are done by the Bureau of Underground Storage Tank Regulations (BUSTR), an agency under the Ohio State Fire Marshal’s authority.
Check out our public inquiry search page!
· Finance Committee Meeting
There will be a Finance Committee meeting on Wednesday, June 10, 2015, at 9:00 a.m. in the conference room in the Board’s office. The committee will discuss the Fund’s five-year financial projections and future deductible amounts.
· Board Meeting
The next Petroleum UST Release Compensation Board meeting will be held on Wednesday, June 10, 2015, at 10:00 a.m. Click here for a schedule of the 2015 calendar year’s Board meetings. Minutes from previous meetings are available on the Meetings page.
· Tank Fee Decrease for 2015
At its March meeting, the Board voted to reduce the annual Financial Assurance Fund fee from $500 per tank to $400 per tank for coverage at the standard $55,000 deductible. Additionally, the per-tank fee for coverage at the reduced $11,000 deductible will decrease from $700 per tank to $600 per tank. The decrease is effective for the 2015 program year (July 1, 2015 – June 30, 2016).
· 2014 Certificates of Coverage
The 2014 Applications for a Certificate of Coverage are currently being processed. Certificates are printed and mailed bi-weekly. To check the status of your Certificate and verify the receipt of fee payment, visit the Board’s public inquiry web page at www.petroboardinquiry.org. If you have not received your Certificate and have questions regarding the status of your Certificate, please contact the Board’s office at 614-752-8963 or 1-800-224-4659 (in Ohio only). Click here to review the 2014 Addendum to the Certificate of Coverage.
· Increase in Reimbursable Mileage Rate
Effective October 1, 2012, the Fund’s reimbursable mileage rate is based on the General Services Administration’s privately owned vehicle reimbursable mileage rate in effect at the time of travel. As of January 1, 2015, that rate is $0.575 per mile. Incurred mileage costs are reimbursed by the Fund at the rate in effect at the time of travel. For instance, mileage costs incurred on October 1, 2011 will be reimbursed by the Fund at the rate in effect on October 1, 2011 or $0.45 per mile. You can view the General Services Administration’s mileage rates at www.gsa.gov/mileage. For questions regarding the reimbursable mileage rate, please contact us.
· Ability to Pay Program
At its November 2011 meeting, the Board authorized an “Ability to Pay Program” whereby previous owners and/or operators of petroleum USTs experiencing financial difficulty may apply for and receive a determination of their ability to pay delinquent Financial Assurance Fund fees. In order to qualify for the program, the responsible person cannot currently own or operate petroleum USTs and if applicable, must have received a determination of no further action from the fire marshal for any release for which eligibility to claim against the Fund was granted. If the responsible person is an individual, the responsible person may submit the Individual Ability to Pay Fees application. If the responsible person is a corporation, limited liability company or partnership, please submit the Corporate Ability to Pay Fees application. For assistance with completing the application, please contact us.
· Considering Purchasing a Tank?
The Board’s rules require the purchaser of underground storage tank(s) to pay a $500 per facility transfer fee plus any unpaid fees and/or penalties owed on the tank(s). Click here for more information about this rule as well as a list of items to consider before and after purchasing underground tanks.
· Unclaimed Monies
Check out our unclaimed monies list to see if you are entitled to a refund of fees!
Phone: (614) 752-8963 · Ohio Toll Free Phone: (800) 224-4659 · Fax: (614) 752-8397 · P.O. Box 163188 Columbus, OH 43216-3188