(1) The Petroleum Tank Release Compensation Board was created by section 8, chapter 528, Laws of 1989.

(2) The board is a unitary organization without divisions. The board is allocated to the Department of Environmental Quality for administrative purposes only.

(3) The functions of the board are to provide a financial assurance mechanism, and to reimburse the owners or operators of eligible tanks for their expenditures in cleaning up releases and compensating third parties who live or own property near the tanks for bodily injury or property damage they may have sustained as a result of the releases.

(4) Inquiries regarding the board may be addressed as follows:

Petroleum Tank Release Compensation Board

P.O. Box 200902

Helena, MT 59620-0902