What’s New In Petroleum Fund?

Proposed Regulation Amendments to Nevada Administrative Code 445C: Petroleum Fund Program

Assembly Bill No. 40 was passed into law June 3, 2021, requiring the Board to Review Claims to adopt regulations to define small business as it pertains to coverage of petroleum discharges from storage tank systems. NDEP is also proposing this definition be used to determine financial need of an operator when applying for a grant from the Petroleum Fund to defray storage tank system upgrade costs. Additionally, the following amendments are being proposed:

  • Clarifying storage tank testing and record keeping requirements;
  • Establishing deadlines for submittals of applications for coverage and claims for reimbursement;
  • Revisions to requirements demonstrating proof of payment to contractors and vendors following reimbursement of a claim;
  • Clarification of grant allocations to operators that have demonstrated a financial need to defray costs to upgrade storage tanks; and
  • Updating general citations and dates. 

Regulatory Timeline

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