Arkansas Trust Fund Helps Clean Up Storage Tank Releases

In Arkansas, a state-run trust fund is helping keep the state clean by supporting the efforts of operators to clean up storage tank releases. While great improvements have been made in storage tank safety and technology in the past few decades, there are still many storage tanks in operation that were commissioned prior to 1984. This was the year in which Congress began to pass legislation regulating underground storage tanks in an effort to reduce the amount of storage tank leaks that were contaminating groundwater. New tanks must have safety features such as double-wall construction, but many of these older tanks were single-wall and were prone to rusting and leaking.

The fund is supported by a fee of $0.003 per gallon of fuel paid by wholesalers to the state. The fund, which was created in 1989, helps:

  • Assist underground storage tank owners in meeting the federal financial assurance requirements.
  • Provide partial reimbursement of cleanup costs to tank owners who have reported a release and undertaken corrective action.
  • Provide partial reimbursement to eligible owners for compensating third parties for dammages caused by accidental releases.

“Currently 68 eligible sites are being cleaned up with reimbursement from the trust fund. Since 1990, the fund has distributed a total of $94,102,244 to 425 sites for cleanup and $11,347,412 to third parties for damages that resulted from petroleum product leaks,” according to Insurance News.

We’ve also written about similar trust funds being run in California and Michigan. Check out our blogs to learn more about how storage tank funds are keeping the environment safe by making cleanup economically viable for all parties.

underground storage tankTanks Logo - 20 Years of First Choice Service




  • Nationwide supplier of storage tanks and vessels for 20 years.

  • Nationwide installer of storage tanks and vessels since 1997.

  • Distributor for over 55 storage tank and related accessory manufacturers.

  • Industry leader since 1993.

As a distributor and installer, we know everything there is to know about the business, which allows us to offer the best quality tanks and proper installation services. Our dual role also makes our services more cost-efficient, and allows you to cut out the hassle of working with independent distributors and installers.

Our status as a national distributor for over 55 storage tank and related accessory manufacturers means we offer a wide variety of tank solutions that are guaranteed to fit your needs, and our emphasis on customer service makes us one of the leading distributors in the industry. We’re focused on providing the best products and services to the consumer in order to remain one of the industry leaders.

We strive for complete customer satisfaction, and with our 20 years of experience, we think you’ll notice the difference you get with us. Let Tanks Direct be your first choice for all of your tank and storage system needs. Contact us today at 800-865-5555, or [email protected]. Also be sure to keep up with us on FacebookTwitterGoogle+, and LinkedIn.


This entry was posted on Friday, October 3rd, 2014 at . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.