What is the minimum annual aggregate financial responsibility required for maintaining 110 USTs?

The minimum annual aggregate financial responsibility required for maintaining 110 underground storage tanks (USTs) is $2,000,000. This requirement is established to ensure that operators have sufficient funds available to address any potential environmental damage or liabilities that could arise from leaks or spills.

In the context of UST regulations, financial responsibility ensures that operators can cover the costs associated with cleanup operations and damage claims, which can be significant, especially in densely populated areas or where sensitive environmental conditions are present. The specified amount reflects a standard level of coverage that is deemed adequate for the potential risks associated with operating a certain number of tanks, in this case, 110.

Other amounts, while appearing substantial, do not align with the regulations or guidelines set forth by environmental oversight agencies for the number of tanks specified. Having the correctly determined financial responsibility is crucial for compliance and operational integrity in the management of USTs.