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ABOUT THE UST CLEANUP FUND . . . <br /> 3. The owner/operator must be in compliance with i; deiuly owned and operated, (4)is not dominant in <br /> any applicable financial responsibility require- 41' its field of operation, and (5)the gross revenues <br /> Approximately 90% of the underground storage ments and any UST requirements. ' from the business do not exceed the limits estab- <br /> tanks(USTs) in this State contain petroleum and a lished by Section 1896 of Title 2 of the California <br /> significant number are known to be leaking (see WHAT DOES THE FUND PAY FOR? Code of Regulations. <br /> FIGURE A). To help with the cleanup of these <br /> leaking tanks, the UST Cleanup Fund(the Fund) The Fund pays for corrective action and third-party t3 Class C - Claims by owners and operators of <br /> was created by the passage of SB 2004(Keene)on liability costs resulting from the unauthorized ;!. eligible USTs where the business employs fewer <br /> September 26, 1990. It provides funding to eligible) release of petroleum from an UST which causes ii than 500 full-time and part-time employees, is <br /> UST owners and operators for the cleanup of i contamination of soil and/or water. Corrective independently owned and operated, does not <br /> contaminated soil and groundwater caused by action costs include preliminary site�assesment, soil dominate its field of operations, and all operations <br /> leaking petroleum USTs. Responsibility for ?4 and water investigation, corrective action implemen- are located in California. <br /> implementing the Fund was placed with the State cation, and verification monitoring after the cleanup <br /> Water Resources Control Board. The Fund can also Class D - All other claims. <br /> financial <br /> , <br /> used as a mechanism to sates is completed. Only corrective action costs for work state and federal performed after January 1 1988 are ell _} <br /> financial res nsibilit r uirements. " aeligible. <br /> g <br /> p° y - — m --- y WHAT TYPES-OF CL MMS-DOES-THE = = - <br /> 3' The Fund does not cover the removal repair, FUND COVER? <br /> HOW IS THE FUND FINANCED? retrofit or installation of USTs. However, there is a <br /> Money for the Fund is generated by a 6 mill E loan program for this purpose available to qualified The three types of claims covered by the Fund are. <br /> small business owners through the State Department <br /> ($0.006) per gallon fee paid by owners who are +1 of Commerce. However, the loan must be secured 1.1. Reimbursement claims for costs paid or incurred <br /> required to have a permit to own or operate an UST.` +1 for clean <br /> � before any work is performed. ;� p work. <br />—The-fee-is-based-on-gallonage-delivered-to-their-US <br /> and is collected quarterly by the Board of Equaliza- <br /> tion. HOW DOES THE FUND WORK? 2. Third party claims for amounts awarded to a <br /> ;s third-party by a court-approved settlement, <br /> WHO IS ELIGIBLE FOR THE FUND? <br /> Qualified owners and operators of USTs are reim- final judgement, or an arbitration award by a <br /> t a injury <br /> � buried for corrective action and third party liability 1{ court-appointed arbitrator for bodily <br /> Owners/operators of USTs.containing petroleum as <br /> claims. Claims are processed according to the or property damage. ( D <br /> 1> following priority system: <br /> defined in Section 25281(x)of the California Health '. 3. Pre-approval claims for estimated cleanup costs <br /> and Safety Code and owners of USTs containing Class A - Claims by owners of eligible USTs l to be incurred by the claimant. (Funds are <br /> petroleum located on residential property who meet i' located on residential property. ! disbursed only after costs are actually incurred.) <br /> the following requirements: <br /> ,• Class S - Claims by owners and operators of WHAT IS THE MAXIMUM FUNDING AVAIL✓ <br /> 1. There was a confirmed unauthorized release of eligible USTs who meet the definition of a small ABLE? <br /> petroleum from the UST. business. Small business means a business that: (1) <br /> 2. As a result of this unauthorized release, the ! has its principal office located in California, (2)has $990'000 is the maximum amount available from the <br /> all officers domiciled to California, (3) is indepen, ' 4 Fund per occurrence. Claimants are responsible for <br /> owner/operator must take corrective action <br /> as the first$10,000 of eligible corrective action costs. <br /> required by a regulatory agency. , <br /> ,r <br />