Petroleum Storage Tank Trust Fund

The following tanks and products are covered as defined by Regulation 12:

• Aboveground storage tank - between 1,320 gallons and 40,000 gallons
• Underground storage tank - 110 gallons or larger
• Refined petroleum products, such as gasoline, diesel, waste oil, kerosene, etc.

In order for an owner or operator to be eligible to access the Arkansas Petroleum Storage Tank Trust Fund for reimbursement, he or she must meet the following criteria as defined by Regulation 12:

• Owned or operated a regulated petroleum storage tank system
• Registered tank(s) with DEQ and paid all tank fees
• Gave DEQ timely notice of the release and cooperated fully with DEQ in corrective action
• Met requirements of the Eligibility Checklist

Upon receipt of an application for reimbursement of corrective action costs, the RST Office will perform the following activities:

1. Perform an administrative screening to determine:
   • If the application has been completed correctly
   • If all the necessary forms and documentation have been submitted
   • If the technical information concerning activities, status of the project, amount of contamination recovered, and prognoses has been submitted
2. Conduct the technical review to determine:
   • If the activities performed were necessary for site cleanup
   • If cleanup activities were properly performed
   • If all the expenses submitted for reimbursement are allowable
3. Conduct the financial review to determine:
   • If the deductible has been met
   • If all costs submitted are for activities performed after the reported release
   • If all required invoices and subcontractor invoices are submitted
   • If acceptable proof of payment is submitted
   • If costs have been submitted on a previous claim
   • If the costs performed are reasonable based on DEQ's Reimbursement of Corrective Action Costs
   • If the costs submitted for activities performed were pre-approved and are within the pre-approval amounts

All corrective action costs submitted for reimbursement from the trust fund must meet a three - pronged test of reasonable, allowable and necessary as outlined in Reg.12.311, Reg.12.312 and Reg.12.313, and in the 2014 Guidelines for Reimbursement of Corrective Action Costs.