This bill mandates the removal of residential heating oil underground storage tanks (USTs) if they have not been used for 12 consecutive months, unless specific conditions are met. The new legal language defines a "residential heating oil underground storage tank" and outlines the circumstances under which these tanks must be removed, specifically if a change in the heating system renders them unusable or if the owner does not plan to use them in the future. However, the bill allows for the option of permanently abandoning the tank in place if its removal would compromise the structural integrity of any overlying building, in accordance with state fire code regulations.

Additionally, the bill introduces a requirement for real estate transactions to include information regarding the presence of residential heating oil underground storage tanks. This aims to ensure that potential buyers are informed about any USTs on the property. The effective date of the act is set for 60 days after its passage, which is anticipated to be August 4, 2026.

Statutes affected:
As Amended by the House: 477:4-d
Version adopted by both bodies: 477:4-d
CHAPTERED FINAL VERSION: 477:4-d