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1 result for Water Resources Research Institute News Vol. Issue 353, July/Aug 2005
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Since 1988, owners of commercial and noncommercial underground storage tanks (USTs) have had assistance from state trust funds to clean up petroleum leaks. Because of a major backlog of claims and substantial financial deficits, the state is phasing out this assistance program. The North Carolina Department of Waste Management is developing new legislation on USTs. The three objectives of the legislation are: initiate regulatory reform; allocate more money to meet its existing obligations to pay for cleanup at sites already reported; and transition toward alternate means for commercial tank owners to demonstrate, as required by federal law, that they have the financial means through insurance or other sources, to clean up any releases.
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