Various state administered leaking underground storage tank ("LUST") funds do not have sufficient cash on hand to reimburse claims in a timely manner. The result is that UST owner's ("RP's") end up waiting months or even years for reimbursement, tying up significant amounts of working capital.

Delays in reimbursement can cause cash flow problems for RP's, slowing the pace of LUST clean up's & lead to higher ultimate clean up costs, increased public health risks, as well as other public policy problems.

 

 

To provide immediate liquidity to RP's with approved LUST fund claims where the particular state administered trust fund cannot reimburse claims in a timely manner. By providing liquidity, NATLUST will help promote the state cleanup fund's statutory goals, which typically include meeting EPA's financial responsibility regulations, as well as promoting a cleaner environment & improved public health through the timely cleanup of discharges from LUST's.