As used in this chapter, the following terms
shall have the meanings indicated:
ABOVEGROUND TANK
A tank where 100% of said tank is exposed above (and not
on) the final ground elevation. A tank located in the basement or
cellar of a residence, which is fully accessible and visible, and
installed above an impermeable basement floor shall be considered
aboveground.
COSTS
Includes all costs associated with the purchase and installation
of a replacement fuel oil storage tank, including, but not limited
to, costs for labor and materials; and, in the case of a removal or
abandonment in place and permanent closure of an existing underground
fuel oil storage tank, all costs associated with such removal or permanent
closure, including, but not limited to, excavation and, if a leak
is found, those costs associated with cleanup and remediation to return
the property to its preexisting state. "Costs" shall not include financing
or interest charges.
ELIGIBLE INDIVIDUAL
Any one or more persons, estates, trusts, beneficiaries of
an estate or trust, partnerships, members of limited-liability corporation
or corporations or other legal entities which own property that is
eligible for the rebate established by this section.
FUEL OIL STORAGE TANK
A tank, of under 1,100 gallons' capacity, used to supply
heating fuel oil to a residential or commercial property for on-site
space or water heating purposes.
PERMANENTLY CLOSING A FUEL OIL STORAGE TANK
The tank has been left in place, but has been permanently
taken out of service in compliance with all state and local laws and
codes, and has been filled with an inert material, such as sand, concrete
slurry, concrete aggregate, or other similar material deemed acceptable
for purposes of maintaining the integrity of the fuel tank so as to
reduce the possibility of future collapse in the event of the decay
of the tank.
UNDERGROUND TANK
Any fuel oil storage tank where any portion of said tank
is below the final ground elevation.