Environmental
A NH homeowner discovers an underground oil storage tank (UST) on property they are purchasing. This is significant because:
AUSTs require annual state registration fees only
BLeaking USTs can cause petroleum contamination of soil and groundwater, creating significant cleanup liability✓ Correct
CUSTs are only regulated if they hold more than 10,000 gallons
DNH exempts residential USTs from environmental regulations
Explanation
Leaking underground storage tanks can cause petroleum contamination of soil and groundwater. In NH, the Oil Discharge and Disposal Cleanup Fund (NH RSA 146-D) provides some coverage for petroleum cleanup, but property owners may still face significant liability and cleanup costs.
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