The bill establishes a reimbursement program for owners of underground petroleum storage tank systems that utilize pressurized single-walled steel piping. It amends Minnesota Statutes 2024, specifically sections 115C.08 and 115C.09, to include provisions for reimbursing 50% of the costs associated with replacing eligible equipment at eligible locations, which are defined as systems installed before the effective date of the new subdivision. The reimbursement is capped at $100,000 per eligible location, with a maximum annual expenditure from the fund set at $4,000,000. Additionally, owners are limited to receiving reimbursement for no more than two eligible locations per calendar year.

The bill also outlines specific definitions for terms such as "eligible equipment," "eligible location," and "qualified person," and establishes criteria for reimbursement, including the requirement for owners to consider at least two bids for the replacement work. The board is tasked with ensuring that costs are reasonable and has the authority to deny reimbursement for unreasonable expenses. Furthermore, the new provisions will expire on June 30, 2036. The bill aims to enhance the safety and environmental compliance of underground petroleum storage systems in Minnesota.

Statutes affected:
Introduction: 115C.08, 115C.09