Petrogram -Spring 2012 - (Page 19)
Sufficiently and Consistently Funding the IPTF
James D. Hirsch, F&H Consulting, LLC
to fears over the lack of consistent cleanup funding. Preventing FDEP from eﬀectively implementing important changes to the petroleum cleanup program designed to reduce the time and cost of cleanup projects, and improve cleanup results. Losing thousands of petroleum industry jobs and income in this state. It is reported that each dollar spent from the IPTF generates multiple dollars and that 90 percent of this money remains in Florida. Causing numerous cleanup projects to be put on hold in mid-cleanup. Delayed cleanups put our drinking water resource at risk and often require that expensive testing be redone when funding is reinstated before a project can move forward. Lack of consistent funding and expeditious cleanup allows petroleum impacts in the subsurface to spread unabated resulting in greater
n business, many of us are looking for strategies to help us provide security in dealing with potential liabilities such as information breaches, criminal activities, property damage and loss, and environmental harm. An important security measure the state of Florida and Florida’s petroleum marketers have developed and implemented to minimize environmental liabilities associated with leaking petroleum storage tanks is the Inland Protection Trust Fund (IPTF). Present authority for the program is found in section 376.3071, Florida Statutes. The IPTF was created by the Florida legislature in 1986 to serve as a repository for funds that would allow the Florida Department of Environmental Protection (FDEP) to respond without delay to incidents of inland contamination related to the storage of petroleum and petroleum products. This was done to protect the public health, safety and welfare, and to minimize environmental damage. The legislators recognized that preserving surface and ground waters must be a matter of the highest priority, as these waters provide the primary source for potable water in Florida. The IPTF provides funding to individuals or businesses to pay for the cost of remediating and restoring properties impacted by leaking petroleum storage systems. The IPTF is funded by the petroleum industry through a tax levied on each barrel of oil sold in the state of Florida. It is estimated that more than 18,000 leaking petroleum storage tank systems have been identiﬁed in the state, and that approximately 13,000 applicants have applied for coverage under the IPTF.
Recognizing the importance of protecting our drinking water resource, and the potential liabilities to the state economy and environment resulting from the large number of petroleum impacted properties, the legislator wisely decided that money from the IPTF could only be used to fund activities associated with the cleanup of petroleum impacted properties. However, in recent years signiﬁcant amounts of the IPTF have been diverted to pay for other government activities. Failing to use the IPTF for its intended purpose has resulted in unintended negative consequences that are putting the security of our industry and the state at risk.
Some of These Negative Consequences Include: • Placing our drinking water at risk through lack of funding needed for the timely assessment and cleanup of leaking petroleum tank systems. • Signiﬁcantly reducing the number of private real estate transactions due
Table of Contents for the Digital Edition of Petrogram -Spring 2012
Out and About the Industry
Won’t Pay, Won’t Go... What’s Next?
Advertisers’ Centerspread Marketplace
NACA Partnership with FPMA
Th e Power Within You
Meet the 2012 Sunshine Food and Fuel Expo Keynote Speaker
Index of Advertisers/Advertiser.com
Petrogram -Spring 2012