Illinois Administrative Code
Title 41 - FIRE PROTECTION
Part 176 - ADMINISTRATIVE REQUIREMENTS FOR UNDERGROUND STORAGE TANKS AND THE STORAGE, TRANSPORTATION, SALE AND USE OF PETROLEUM AND OTHER REGULATED SUBSTANCES
Subpart B - FINANCIAL ASSURANCE
Section 176.205 - Applicability

Universal Citation: 41 IL Admin Code ยง 176.205

Current through Register Vol. 48, No. 52, December 27, 2024

a) This Subpart B applies to all owners or operators of USTs in the ground as of April 1, 1995 and implements Section 6.1 of the Gasoline Storage Act [ 430 ILCS 15/6.1] , which imposes a State law financial assurance requirement of $20,000 per owner or operator.

b) All owners or operators of hazardous substance USTs are excluded from regulation under this Subpart B.

c) Although the UST Fund assists certain petroleum UST owners in paying for corrective action or third-party liability (see 415 ILCS 5/57.9) , for purposes of this Subpart the UST Fund is not considered a mechanism for the financial responsibility compliance required under Section 6.1 of the Gasoline Storage Act as implemented by this Subpart.

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