The Petrofund was created by the Minnesota State Legislature in 1987 in response to federal legislation requiring all owners and operators of regulated underground petroleum storage tanks to show that they have up to $1 million immediately available to respond to a petroleum tank leak or liability to a third party. To help tank owners and operators fulfill these requirements, and to address historical petroleum contamination throughout the state, the legislature made financial assistance available through the Petrofund.
In Minnesota, petroleum storage tank owners and operators are eligible to apply for up to $1 million of Petrofund reimbursement if they have incurred investigative or cleanup costs, or if they owe damages to a third party. Eligible applicants include homeowners, school districts, government agencies, sovereign tribal nations, and petroleum retailers. To date, the Petrofund has reimbursed over $400 million.
Phone: (651) 539-1515 or 800-638-0418
Mail: Minnesota Department of Commerce, Petrofund Program, 85 7th Place East Suite 500, St. Paul, MN 55101-2198