Environmental protection: underground storage tanks; underground storage tank corrective action fund; modify. Amends secs. 21502, 21503, 21506a, 21506b, 21510, 21510a, 21510d, 21515, 21516, 21518, 21519, 21519a, 21521, 21524 & 21548 of 1994 PA 451 (MCL 324.21502 et seq.) & repeals sec. 21510c of 1994 PA 451 (MCL 324.21510c).

This bill modifies the state laws governing the Underground Storage Tank Corrective Action Fund to update definitions and financial limits for cleanup claims. It directly affects owners and operators of underground storage tanks holding refined petroleum products by adjusting the maximum amount of money the state authority can pay for environmental releases. The key change involves increasing the claim limit for facilities with more than 100 tanks from $1 million to $2 million while keeping the limit at $1 million for smaller facilities. Additionally, the legislation clarifies various terms related to claims, bulk transfers, and financial responsibilities to ensure the fund operates effectively.