Environmental Exposures and Lender Concerns

Underground Storage Tanks (cont.) • Congress required the promulgation of regulations in the late 1980s requiring that petroleum USTS meet various registration, installation, design, leak detection, record keeping, and closure requirements. Leak prevention/detection requirements necessitate significant capital, operation and maintenance expenditures. Most states decided to play a role in the regulation of USTs after the promulgation of the initial federal regulations 44

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