Wednesday, June 3, 2015 12:00 AM

Michigan Banker (Cover Story May 2015) - Michigan's New Underground Storage Tank Cleanup Fund


By: J. Berlin, PE, CP, R. Spehar, PE, EP
Tags: None


  “Learn from history or you’re doomed to repeat it.” Jesse Ventura (former Minnesota Governor) “We keep repeating history even though its flaws are so inherently obvious.” Berlin’s corollary   As most that deal in the retail fuel sales and convenience store market already know,  Michigan now has a new cleanup fund (Fund) as of the end of last year (2014).   The Fund serves as a new means to meet Financial Responsibility Requirements (FRR) for operation of u .... More

Monday, June 15, 2015 12:00 AM

Michigan Banker Cover Story - Michigan's New UST Cleanup Fund (Updates)


By: Joseph Berlin, PE, CP, EP
Tags: None


The Michigan Banker article was written to assist lenders in the use of the new Michigan Underground Storage Tank Cleanup Fund (Fund) as a risk mitigation tool (see full article below). Updates Since Article Release (after May 15, 2015):On June 5, 2015 Governor Snyder released the names of the six (6) nominees for the seven (7) person Underground Storage Tank Authority Board (Board). The unnamed spot is set aside for a representative from the Michigan Department Environmental Quality (MDEQ). T .... More

Monday, June 8, 2015 12:00 AM

Michigan Banker (May 2015 Cover Story) - Michigan's New Underground Storage Tank Cleanup Fund


By: Joseph Berlin, PE, CP, EP
Tags: None


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