Financial-responsibility provisions for underground-storage tanks in Virginia

Technical Report · Mon Feb 01 00:00:00 EST 1988

OSTI ID:7244244

Thompson, P S; Conn, W D; Geyer, L L

Under the provisions of recent federal and state legislation, the owners and operators of underground storage tanks containing petroleum products are required to maintain evidence of financial responsibility. The requirements as they presently stand, different ways of meeting them, and associated issues are examined. The regulated community is described as well as proposed financial responsibility regulations under RCRA Title 1, their relevance to the situation in Virginia and to any state regulatory initiatives, and a suggested set of criteria for judging these initiatives. The next section describes allowable financial responsibility assurance mechanisms, and reviews the advantages and disadvantages associated with each. A critique follows of financial responsibility legislation recently enacted in Virginia. Conclusions and recommendations are intended to assist state decision makers in designing and implementing an effective set of financial responsibility regulations for underground storage tanks.

• Research Organization: Virginia Polytechnic Inst. and State Univ., Blacksburg (USA). Virginia Water Resources Research Center
• OSTI ID: 7244244
• Report Number(s): PB-88-186127/XAB; VPI-VWRRC-Bull-161
• Resource Relation: Other Information: See also PB--88-186077
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
54 ENVIRONMENTAL SCIENCES
HAZARDOUS MATERIALS SPILLS
LIABILITIES
PETROLEUM PRODUCTS
UNDERGROUND STORAGE
INSURANCE
REGULATIONS
VIRGINIA
WATER POLLUTION
FEDERAL REGION III
NORTH AMERICA
POLLUTION
STORAGE
USA
020800* - Petroleum- Waste Management
290300 - Energy Planning & Policy- Environment
Health
& Safety
520600 - Environment
Aquatic- Regulations - (-1989)