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 section 115C.08, subdivision 4, to include a new provision that allows for the reimbursement of 50% of the costs associated with replacing eligible equipment at qualifying locations, up to a maximum of $100,000 per location. The program is designed to incentivize compliance with current federal and state regulations by providing financial assistance for necessary upgrades. The total annual expenditure from the fund for this purpose is capped at $4,000,000, and owners are limited to receiving reimbursements for two eligible locations per calendar year.

Additionally, the bill introduces a new subdivision (3l) to section 115C.09, defining terms such as "eligible equipment," "eligible location," and "qualified person." It outlines the conditions under which reimbursements will be granted, including the requirement for owners to obtain at least two bids for the replacement work and for the board to determine that the costs are reasonable. The subdivision also specifies that the reimbursement program will expire on June 30, 2037. Overall, this legislation aims to enhance environmental safety and compliance in the management of underground petroleum storage systems in Minnesota.

Statutes affected:
Introduction: 115C.08, 115C.09
1st Engrossment: 115C.08, 115C.09