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... resources-through insurance or other means explained below-to pay for the costs of corrective action and third-party liability that can result from leaking USTs. The financial responsibility requirements are designed to make sure that someone can pay the costs of cleaning up leaks and compensating third-parties for bodily injury and property damage caused by leaking USTs. This report briefly describes federal financial responsibility requirements for underground storage tanks. The financial responsibility requirements are found in the Code of Federal Regulations, 40 CAR Part 280. Why Should Your Usts Meet These Requirements? It is particularly important ... Why Are There Financial Responsibility Requirements? When Congress amended Subtitle I of the Resource Conservation and Recovery Act in 1986, it directed the U.S. Environmental Protection Agency (EPA) to develop financial responsibility regulations for owners and operators of underground storage tanks (USTs) storing petroleum. EPA estimates that there are about 1.2 million federally regulated petroleum USTs buried at over 500,000 sites nationwide. These sites are owned by marketers who sell gasoline to the public (such as service stations and convenience stores) and nonmarketers who use USTs solely ... Loading.. About Us Services Jobs PR Newsletters Employees Articles Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Dollars And Sense: Financial Responsibility Requirements For Underground Storage Tanks 4/30/2013 10: ...

...rd-parties for bodily injury and property damage caused by leaking USTs. This...third parties for bodily injury and property damage caused by' either 'sudden ...