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Storage Tank Insurance Fee To Remain The Same In 2011

The Underground Storage Tank Indemnification Board voted this week not to increase USTIF fees for next year.  The Board took the action after receiving the annual report from the Fund's actuaries which indicated the fund is solvent without a fee increase for the next several years. 
            The Board also discussed an ongoing examination of the collection process currently in place for the per gallon fee.  Estimates are that as much as $5 to $7 million dollars a year may be falling through the cracks due to the lack of information currently available to the Board. 


12/20/2010

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