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Bernardsville New Jersey Property Owners : NJ's Petroleum Underground Storage Tank Remediation, Upgrade & Closure Fund has been depleted

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Real Estate Agent

Bernardsville New Jersey Property Owners : NJ's Petroleum Underground Storage Tank Remediation, Upgrade & Closure Fund has been depleted

The New Jersey Department of Environmental Protection (NJDEP) has sent out a notification to the National Association of Realtors (NAR) that the Petroleum Underground Storage Tank Remediation, Upgrade & Closure Fund (UST Fund) has been depleted. Therefore retroactive to May 3rd new UST Fund applications for both "leaking" and "non-leaking" tank programs will not be processed. oil tank removalThese programs had previously provided grants to property owners for the removal, replacement and, if needed, remediation of petroleum tanks.

Both programs are suspended until further funding becomes available. Applications are no longer being accepted for the "non-leaking" tank program.

However, applications for the "leaking" tank program will continue to be accepted and will be processed in the order which they were received, once funding is secured.

Bernardsville New Jersey Property Owners : NJ's Petroleum Underground Storage Tank Remediation, Upgrade & Closure Fund has been depleted