PUBLIC LAW 99-499—OCT. 17, 1986
100 STAT. 1697
data in the notification forms submitted pursuant to subsections (a) and (b) of this section. Each State shall submit such aggregated data to the Administrator not later than 270 days after the enactment of the Superfund Amendments and Reauthorization Act of 1986.". (c) FINANCIAL RESPONSIBILITY.—
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(1) REQUIREMENTS.—Section 9003(c) of the Solid Waste Dis- 42 USC 699ib. posal Act is amended by striking "and" at the end of paragraph (4), striking the period at the end of paragraph (5) and substituting "; and" and by adding the following new paragraph at the end thereof: "(6) requirements for maintaining evidence of financial responsibility for taking corrective action and compensating third parties for bodily injury and property damage caused by sudden and nonsudden accidental releases arising from operating an underground storage tank.". (2) CONFORMING AMENDMENT.—Section 9003(d) of such Act is amended.by striking out paragraph (1) and renumbering paragraphs (2) through (5) as paragraphs (1) through (4), respectively. (3) OTHER METHODS.—Section 9003(d)(l) of such Act (as redesignated by paragraph (2) of this subsection) is amended by striking out "or" after "credit," and by striking out the period at the end thereof and inserting in lieu thereof the following: "or any other method satisfactory to the Administrator.". (4) Section 9003(d) of such Act is further amended by adding at the end thereof the following new paragraph: "(5)(A) The Administrator, in promulgating financial respon- Regulations, sibility regulations under this section, may establish an amount of coverage for particular classes or categories of underground storage tanks containing petroleum which shall satisfy such regulations and which shall not be less than $1,000,000 for each occurrence with an appropriate aggregate requirement. "(B) The Administrator may set amounts lower than the amounts required by subparagraph (A) of this paragraph for underground storage tanks containing petroleum which are at facilities not engaged in petroleum production, refining, or marketing and which are not used to handle substantial quantities of petroleum. "(C) In establishing classes and categories for purposes of this paragraph, the Administrator may consider the following factors: "(i) The size, type, location, storage, and handling capacity of underground storage tanks in the class or category and the volume of petroleum handled by such tanks. "(ii) The likelihood of release and the potential extent of damage from any release from underground storage tanks in the class or category. "(iii) The economic impact of the limits on the owners and Small business. operators of each such class or category, particularly relat- Marketing. ing to the small business segment of the petroleum marketing industry. "(iv) The availability of methods of financial responsibility in amounts greater than the amount established by this paragraph. "(v) Such other factors as the Administrator deems pertinent.
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