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Petroleum tank cleanup fund steady at roughly $8M/year; board seeks fee cap fix and warns of future bond needs
Summary
The Petroleum Tank Release Compensation Board reported roughly $8 million a year in revenue from a 0.75‑cent per‑gallon fee but warned the statutory fee cap has not changed since 1989 and that upcoming cleanup needs could require bond authority; the Libby Asbestos oversight fund and long‑term federal CERCLA match requirements were also discussed.
Officials who administer petroleum tank cleanups and waste remediation told the Section C appropriations committee the state’s petroleum cleanup fund continues to operate on a fee set in 1989, produces about $8 million annually, and supports reimbursements for leak cleanups alongside DEQ oversight costs.
Terry Wadsworth, executive director of the Petroleum Tank Release Compensation Board, told lawmakers the cleanup fund is financed by a fee of three‑quarters of one cent on each gallon of gasoline, aviation and special fuel. "The fee has been the same since 1989," Wadsworth said. "It generates about $8,000,000 a year in annual revenue." The board uses those dollars in three ways: reimbursements to tank owners/operators…
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