FACT:
Certain state administered leaking underground storage tank ("LUST") funds do not have sufficient revenues to reimburse claims in a timely manner. The result is that UST owner's (known as "Responsible Parties" or "RP's") or their environmental consultants end up waiting months or even years for reimbursement. Delays in reimbursement can cause cash flow problems for RP's, thereby contributing to a slowdown in the pace of LUST clean up's. The failure to clean up contaiminated sites in a timely manner can result in increased public health risks and higheer costs to the state sponsored cleanup fund.

NatLUST'S MISSION:
We provide immediate liquidity to RP's. By providing low-cost liquidity, NatLUST will help state tank funds achieve their statutory goals, which typically include meeting EPA's financial responsibility regulations, as well as promoting improved public health and a cleaner environment.

 

 

 

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