Here is where we list news and information on Petrofund topics.
The Petrofund Board has scheduled a special Board Meeting for Wednesday, April 29, 2015 at 1:00 PM in the Summit Conference room at the Department of Commerce. The purpose of the meeting is to discuss possible legislation amending MN Stat. 115C.09, Subd 3 increasing the maximum amount to be reimbursed for a single release from $1,000,000 to $2,000,000.
If you have questions, please contact the Petrofund at 651-539-1515, or 1-800-638-0418.
The Summit Conference Room is located on the 5th floor of the Golden Rule building, 85 Seventh Place East, St. Paul, MN 55101.
The Petrofund Board regular meeting scheduled for 10:00 a.m. on Wednesday, May 13, has been rescheduled for 1:30 p.m. on Wednesday, May 20. The Board will be meeting in Lower Level Room 40 at the Golden Rule Building, 85 7th Place East, St. Paul, MN 55101. If you have questions about the Board meeting, please contact the Petrofund by phone at 651-539-1515 or 800-638-0418 (outside the Twin Cities) or by email at firstname.lastname@example.org.
Governor Mark Dayton has reappointed Jeanne Hankerson to serve as the Member with Experience in Claims Adjustment on the Petrofund Board. Ms. Hankerson is Vice President, Director of Compliance for Federated Insurance Companies in Owatonna, MN. Ms. Hankerson's term runs from February 14, 2015 to January 7, 2019.
A law passed during the 2014 legislative session requires that for applications received on or after July 1, 2015, applicants for Petrofund reimbursement must submit their eligible costs within seven years of the date(s) the related work was performed. This means that if you have eligible costs for corrective action work that was performed prior to July 1, 2008, you must submit an application for reimbursement of those costs to the Petrofund by June 30, 2015.
Commerce Commissioner Mike Rothman in conjunction with Minnesota’s Petrofund Board filed a $25 million lawsuit against British Petroleum (BP) to recover money for claims paid to the company to clean up contamination from leaking petroleum storage tanks at service stations across the state. The lawsuit comes at the end of a lengthy investigation conducted by the Commerce Department looking into the company’s dealings with the Petrofund. A copy of the press release and a link to the complaint can be found at here.