7 CCR 1101-14-9-1 - Redevelopment Fund Purpose

The Redevelopment Fund is administered by OPS.

(a) The Redevelopment Fund will enable investigation and cleanup of petroleum contamination at petroleum storage tank sites that are not eligible for reimbursement from the Petroleum Storage Tank Fund (PSTF). Cleaning up these sites will minimize risk to Colorado's groundwater resources and enhance the potential for these properties to be redeveloped or reused.

(b) Redevelopment Fund monies are available in the form of reimbursement to property owners upon completion of one or more of the following approved activities:

(1) Petroleum UST removal.

(2) Site assessment to determine if contamination from petroleum storage tanks is present on the property (Level I activity).

(3) Site characterization if petroleum contamination is discovered on the property (Level II activity).

(4) Cleanup of the petroleum contamination (Level III activity).

(c) This article includes sections pertaining to eligibility criteria, eligible activities, the application and funding process, establishing project costs and required cost-matching for assessment and cleanup actions. Additionally, this article defines the mechanism for distributing monies from the Redevelopment Fund.

Notes

7 CCR 1101-14-9-1

37 CR 18, September 25, 2014, effective 10/15/2014 39 CR 18, September 25, 2016, effective 1/1/2017 40 CR 05, March 10, 2017, effective 5/1/2017 40 CR 07, April 10, 2017, effective 5/1/2017 41 CR 07, April 10, 2018, effective 5/1/2018 42 CR 04, February 25, 2019, effective 3/17/2019