This bill establishes a reimbursement program for the replacement of pressurized single-walled steel piping in underground petroleum storage tank systems in Minnesota. It amends Minnesota Statutes 2024, specifically section 115C.08, subdivision 4, to include a new provision that allows for reimbursement of costs associated with replacing eligible equipment at eligible locations. The reimbursement is set at 50% of the costs incurred, with a maximum limit of $100,000 per eligible location and an annual cap of $4,000,000 for the program. The bill also outlines the criteria for eligibility, including the requirement for owners to consider at least two bids and select the lowest cost option.

Additionally, the bill introduces a new subdivision to section 115C.09, defining terms such as "eligible equipment," "eligible location," and "qualified person." It specifies that reimbursement will not be provided for costs deemed unreasonable by the board and limits the number of reimbursements an owner can receive to two eligible locations per calendar year. The program is set to expire on June 30, 2036. Overall, this legislation aims to enhance environmental safety by incentivizing the replacement of outdated and potentially hazardous piping systems in petroleum storage.

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