Administrative Rules of Montana
Department 17 - ENVIRONMENTAL QUALITY
Chapter 17.56 - UNDERGROUND STORAGE TANKS PETROLEUM AND CHEMICAL SUBSTANCES
Subchapter 17.56.8 - Financial Responsibility
Rule 17.56.815 - MONTANA PETROLEUM TANK RELEASE CLEANUP FUND
Current through Register Vol. 6, March 22, 2024
(1) An owner or operator may satisfy any part of the applicable requirements of ARM 17.56.805 for underground storage tanks located in Montana by use of the petroleum tank release cleanup fund created by 75-11-313, MCA. The burden of proof is upon the owner or operator to prove compliance with all necessary prerequisites for coverage by the petroleum tank release cleanup fund.
(2) If an owner or operator uses the petroleum tank release cleanup fund as partial satisfaction of the coverage requirements of ARM 17.56.805, the owner or operator may demonstrate that remaining coverage requirements are met by certifying a tangible net worth equal to that amount.
(3) Certification of tangible net worth must be based on year-end financial statements for the latest completed calendar year and documented on a form approved by the department.
75-11-505, MCA; IMP, 75-11-505, MCA;
