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The Petroleum "Fund" was initially implemented in 1989 by state legislation to assist owners and operators of regulated underground storage tanks in meeting the federal requirement for financial responsibility pursuant to Code of Federal Regulations (CFR) 40 CFR 280.90 through 280.99.

The Fund also allows voluntary enrollment of non-regulated petroleum storage tanks and automatically covers releases from residential heating oil tanks.   The Fund provides reimbursement to the qualified storage tank owner/operators for corrective action costs associated with cleaning up petroleum product releases.
More About the Petroleum Fund? Fund Statistics Board Members

Next Meeting

The Board meeting will be at 10:00 am on Tuesday, June 15th, 2010 at the following locations:

Las Vegas: —Grant Sawyer State Office Building, 555 E. Washington Ave., Room 4412E

Carson City: —Nevada Legislative Building, 401 S. Carson St., Room 2134

Meeting Agenda - pending

Deadline
The due dates for claims for the next meeting are as follows:
a) April 17, 2010: Claims with a 1998 or earlier prefix

b) May 1, 2010: All other claims

Resource Information

Petroleum Fund CEM Cost Guidelines

State Per Diem Rates:

CEM Equipment & Materials Rates:

Guidance Document: Soil Excavation and Petroleum Fund Reimbursement
Note: Describes when regulatory concurrence is needed for excavation during initial abatement activities and when bidding is required for soil disposal in Northern Nevada.
Forms Available:
Board Policy Resolutions:
Board Meeting Minutes:
Agendas:

For additional information contact Petroleum Fund staff (775) 687-9374