For the purposes of this chapter, the following terms shall
have the following meanings:
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 removal or permanent
closure of an existing underground tank, and in the case of the installation
of a replacement aboveground fuel oil storage tank, the purchase and
installation of a new tank, including, but not limited to, costs for
labor and materials, cleanup costs if a leak is found, and excavation
costs necessary to remove an existing tank or install a new tank and
return the land to existing state. "Costs" do not include the costs
to convert the property to an alternative energy (such as natural
gas) after the removal or closure of an existing tank. "Costs" shall
not include financing or interest charges.
[Amended 10-14-2004 by L.L. No. 27-2004]
ELIGIBLE INDIVIDUAL
Any person, estate, trust, beneficiaries of an estate or
trust, partnership, or member of a limited-liability corporation,
a corporation or other legal entity which owns property that is eligible
for the rebate established by this section for the costs of the removal
or permanent closure of a fuel oil storage tank.
[Amended 10-14-2004 by L.L. No. 27-2004]
HEATING FUEL
Fuel oil or kerosene. It does not include propane, natural
gas, or gasoline.
NEW FUEL OIL STORAGE TANK
A new tank that has been installed aboveground and conforms
to all state and local laws, codes, and manufacturers' directions
and the provisions of this statute.
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 under 1,100 gallons in size where
any portion of said tank is below the final ground elevation.