Corrective Action Fund
URL: https://www.env.nm.gov/petroleum_storage_tank/reimbursement-corrective-action-fund-information/
The Unobligated Balance of the CAF as of June 30, 2022 is $1,979,842.39.
Approximately 90% of drinking water in New Mexico is supplied through groundwater, so it is critical that any contamination caused is cleaned up quickly and effectively to protect public health and the environment.
Without Corrective Action Fund (CAF), tank owners and operators of hundreds of tank facilities throughout the state would be in jeopardy of not having financial assurance coverage, which is required by state and federal law. Without this coverage, they would be unable to operate, forcing many rural residents to drive long distances to buy fuel.
Generally, owners and operators responsible for petroleum releases into the environment are responsible for cleaning up the contamination.
If owners/operators are unable to fund a clean-up, or if they are deceased, the state Corrective Action Fund may be used. Groundwater clean-ups are long-lasting and expensive, so this is often an option for small business owners who own only one or two facilities.
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Additional Information
| Field | Value |
|---|---|
| Data last updated | unknown |
| Metadata last updated | August 30, 2023 |
| Created | unknown |
| Format | HTML |
| License | Open Data Commons Attribution License |
| Created | 2 years ago |
| Collection frequency | one-time |
| Id | cdbdfd66-7ee1-4b8d-a3f9-30a5489a23e7 |
| License id | cc-by |
| Package id | 7a2faefd-99cc-48e5-867f-ef18110c7fb6 |
| Position | 5 |
| Resource contact email | [email protected] |
| Resource contact name | PSTB |
| Resource division | Petroleum Storage Tank Bureau |
| Resource version | 1 |
| State | active |