Vermont § 1943 - Petroleum tank assessment

§ 1943. Petroleum tank assessment

• (a) Each owner of a category one tank used for storage of petroleum products shall annually
  remit to the Secretary $100.00 per double-wall tank system; $250.00 per combination
  tank system if the single-wall tank has been lined; $500.00 for all other combination
  tank systems; and $1,000.00 per single-wall tank system, which shall be deposited
  to the Petroleum Cleanup Fund established by section 1941 of this title, except that: (1) For retail gasoline outlets that sell less than 40,000 gallons of motor fuel per month,
  the fee shall be: (A) $75.00 per double-wall tank system; (B) $125.00 per combination tank system; and (C) $175.00 per single-wall tank system. (2) The fee shall be reduced by 50 percent if the owner or permittee provides to the satisfaction
  of the Secretary evidence of financial responsibility to allow the taking of corrective
  action in the amount of $100,000.00 per occurrence and the compensation of third parties
  for bodily injury and property damage in the amount of $300,000.00 per occurrence. (3) The fee shall be relieved if the owner provides to the satisfaction of the Secretary,
  evidence of financial responsibility to allow the taking of corrective action and
  the compensation of third parties for bodily injury and property damage each in the
  amount of $1,000,000.00 per occurrence. (4) The fee for retail motor fuel outlets selling 20,000 gallons or less per month shall
  not exceed $100.00 per year for all double-wall tanks at a single location and shall
  not exceed $300.00 for all combination tank systems at a single location. This cap
  shall not apply to a retail motor fuel outlet utilizing a single-wall tank system. (5) For any municipality that uses an annual average of less than 40,000 gallons of motor
  fuel per month, provided that all of the tanks of that municipality meet the requirements
  of this chapter, the fee shall be: (A) $50.00 per double-wall tank system; (B) $100.00 per combination tank system; and (C) $150.00 per single-wall tank system. (b) For purposes of this section, an occurrence is an accident, including continuous or
  repeated exposure to conditions, that results in the release of petroleum from one
  or more underground storage tanks at the same site. (c) This tank assessment shall terminate on July 1, 2029. (d) The Secretary shall establish forms and procedures for the payment of the petroleum
  tank assessment, including a notice of the obligation 30 days prior to being due.
  Failure to receive notice shall not waive the payment obligation. (Added 1987, No. 282 (Adj. Sess.), § 3; amended 1989, No. 110, §§ 9a, 10; 1993, No. 188 (Adj. Sess.), § 3; 1997, No. 132 (Adj. Sess.), § 10, eff. April 23, 1998; 2003, No. 48, § 3, eff. June 2, 2003; 2007, No. 76, § 31; 2009, No. 22, § 6; 2011, No. 161 (Adj. Sess.), § 3; 2013, No. 55, § 5, eff. July 1, 2014; 2017, No. 168 (Adj. Sess.), § 12, eff. May 22, 2018.)