"The UST Fund Application Package has been revised to incorporate the changes brought about by new legislation enacted on August 2, 2006. The application package has been changed to allow for two separate applications, one for Unregulated Leaking UST (including residential heating oil tank) and one for Regulated UST. Note that the Regulated UST grants and loans have been reinstated in January of 2007.

The UST Fund Cost Guide has also been revised to reflect current industry standards.

UST Fund Background

On August 30, 1997, Governor Whitman signed the law establishing the Petroleum Underground Storage Tank Remediation, Upgrade and Closure Fund (UST Fund) within the New Jersey Economic Development Authority (NJEDA) and administered jointly with the New Jersey Department of Environmental Protection (NJDEP).

The UST Fund provides loans and grants to eligible owners and operators of regulated and non-regulated petroleum underground storage tanks to help finance project costs for the upgrade and closure of State regulated underground storage tanks and remediation of discharges from regulated and non-regulated underground storage tanks. The UST Fund was amended in 2003, 2006, and 2007, and these changes are reflected in the revised Fact Sheet.

UST Fund Frenquently Asked Questions

• UST Fund FAQs
  This document will answer many of the questions applicants have concerning the UST Fund.

Related Links

• SRP Underground Storage Tanks Program
• New Jersey Economic Development Authority (NJEDA)

IMPORTANT NOTE:

Be advised that as of October 3, 2006, due to the enactment of P.L. 2006, c.58, all contractors performing work on non-regulated underground storage tanks, including homeowner heating oil tanks, where work is being funded by the Petroleum Underground Storage Tank Remediation, Upgrade & Closure Fund, must be certified in accordance with N.J.A.C. 7:14B-13.