SECTION 165:26-1-36. Financial responsibility

(a)   This Subchapter applies to owners and operators of all petroleum aboveground storage tank (AST) systems except as otherwise provided in this Section.

(b)   Federal government entities whose debts and liabilities are the debts and liabilities of the United States are exempt from the requirements of this Subchapter.

(c)   The requirements of this Subchapter do not apply to owners and operators of any AST system described in 165:26-1-22, "Exclusions."

(d)   If the owner and operator of a petroleum aboveground storage tank are separate persons, only one person is required to demonstrate financial responsibility; however, both parties are liable in the event of noncompliance.

(e)   An owner or operator may satisfy the requirements of this Subchapter by use of the Oklahoma Petroleum Storage Tank Indemnity Fund (ref: Okla. Stat. Title 17 § 327.3). There is a co-pay for use of this mechanism. Compliance may also be satisfied by use of any of the mechanisms listed in 165:26-1-37.

[Source: Renumbered from 165:26-18-1 at 23 Ok Reg 2297, eff 7-1-06; Amended at 25 Ok Reg 2187, eff 7-11-08; Amended at 33 Ok Reg 615, eff 8-25-16; Amended at 34 Ok Reg 958, eff 9-11-17; Amended at 36 Ok Reg 576, eff 8-1-19]