For UST sites as an amendment, which fund is used?

Prepare for the Real Estate Ownership Exam with multiple choice questions, flashcards, and detailed explanations. Master land use controls and financing to excel on your test.

Multiple Choice

For UST sites as an amendment, which fund is used?

Explanation:
The Leaking Underground Storage Tank Trust Fund is the dedicated source for cleanup of releases from underground storage tanks. It was created as part of the Superfund Amendments and Reauthorization Act to address UST leaks under the CERCLA framework, and is funded by taxes on petroleum products. This fund specifically covers investigation and cleanup costs when responsible parties can’t pay, making it the match for UST site amendments. The other options refer to the act or program rather than a funding source.

The Leaking Underground Storage Tank Trust Fund is the dedicated source for cleanup of releases from underground storage tanks. It was created as part of the Superfund Amendments and Reauthorization Act to address UST leaks under the CERCLA framework, and is funded by taxes on petroleum products. This fund specifically covers investigation and cleanup costs when responsible parties can’t pay, making it the match for UST site amendments. The other options refer to the act or program rather than a funding source.

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