Environmental Exposures and Lender Concerns

Arkansas Petroleum Storage Tank Trust Fund (Cont.) The Arkansas General Assembly in 1989 created the trust fund to help UST owners or operators meet these federal financial responsibility requirements. The Trust Fund provides for reimbursement to allowable, reasonable and necessary corrective action costs above a $7,500 deductible up to $1.5 million. The Trust Fund provides for reimbursement of third party damage claims above a $7,500 deductible up to $1 million 46 :)

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