Ohio Petroleum Underground Storage Tank Release Compensation Board


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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!

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UPCOMING MEETINGS

 

  ·  Board Meeting

The next Petroleum UST Release Compensation Board meeting will be held on Friday, September 5, 2014 at 10:00 a.m. Click here for a schedule of the 2014 calendar year’s Board meetings. Minutes from previous meetings are available on the Meetings page.

 

 RECENT DEVELOPMENTS

 

  ·  2014 Certificates of Coverage

The 2014 Applications for a Certificate of Coverage are currently being processed and mailed. If you do not receive your Certificate by August 15, 2014, please contact us by calling (614) 752-8963 or (800) 224-4659 (in Ohio only). Click here to review the 2014 Addendum to the Certificate of Coverage.

 

  ·  2014 Tank Fee Decrease

At its March 20, 2014 meeting, the Board voted to amend Ohio Administrative Code 3737-1-04 to reduce the annual Financial Assurance Fund fee from $600 per tank to $500 per tank for coverage at the standard $55,000 deductible. The per-tank fee for coverage at the reduced $11,000 deductible will decrease from $800 per tank to $700 per tank. The fee decrease is effective with the 2014 program year (July 1, 2014 – June 30, 2015).

 

  ·  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, 2014, that rate is $0.56 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

 

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