FACT

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.

 

 

OUR MISSION

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.

Database to Be Down Over the Weekend.  NatLUST Programmers Doing Big Upgrade
NatLUST to Add Colorado.  Funding Program to Begin in the Next 60 days
Connecticut To Reduce Funding to UST Program Even Further.  NatLUST To Present at ICPA Annual Meeting
NatLUST Expands Program To Georgia.  New 'Rapid Funding' Program To Allow a Foothold in State
NatLUST To Attend California Fund Workshop.  Possible Launch of Financing Program in California Summer 2009
Stimulus Bill Has Money For State LUST Funds.  Up to $200 Million Appropriated
Illinois To Extend Fund Sunset Date.  Legislation Clears Way for Program Restructuring
Connecticut Governor Rell Proposes Cut to UST Fund.  NatLUST Funding Program to Help State Keep Cleaning Up Sites
NatLUST Expands Program to Massachusetts.  State’s Voters Reject Referendum To Repeal State Income Tax, Clearing Last Hurdle.
Financial Markets in Turmoil.  But NatLUST Is Busy Funding Claims!
Illinois Funding Costs Decline.  Fixed Charge Component of Carrying Costs Reduced.