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Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF). Revolving Loan Fund (RLF). Eligibility Qualifying Political Subdivision Must spend at least 5% of its own funds Eligible Activities: Closure of an underground storage tank (UST)

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Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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  1. Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

  2. Revolving Loan Fund (RLF) • Eligibility • Qualifying Political Subdivision • Must spend at least 5% of its own funds • Eligible Activities: • Closure of an underground storage tank (UST) • Located within territorial boundaries of qualifying political subdivision • Qualifying political subdivision is the property owner, but not the operator of the site

  3. Revolving Loan Fund (RLF) • Eligible Activities: • Assessment of previously existing release • Located within territorial boundaries of qualifying political subdivision • Qualifying political subdivision is not the responsible party • The release incident has not received a no further action status • No responsible party or viable responsible party exists

  4. Revolving Loan Fund (RLF) • Application Process • Application will be made available on the State Fire Marshal’s website • Utilizing Revolving Loan Fund Monies • Monies to be spent on activities conducted pursuant to OAC 1301:7-9-12 & 13

  5. Revolving Loan Fund (RLF) • Loan Repayment • No interest • Repayment schedule per loan agreement • Repayment schedule shall not exceed ten years • Any unused awarded dollars must be returned

  6. Questions? Verne Ord, Assistant Chief, Ohio Department of Commerce Division of State Fire Marshal Bureau of Underground Storage Tank Regulations BUSTR 614-752-7938 Past Present

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