The State Assurance Fund (SAF), assists eligible Underground Storage Tank (UST) owners, operators and others in meeting the potentially high costs of leaking UST investigations and cleanups.
The SAF is actually the Assurance Account of the UST Revolving Fund. The Assurance Account was established by the Arizona Legislature and has been providing financial assistance to eligible persons since early 1993.
Senate Bill 1306 (46th Legislature; 2nd Regular Session; Chapter 273; 2004) provided for termination of eligibility to the SAF after June 30, 2010. Consequently, any application made or expense incurred by an owner or operator for UST corrective action after June 30, 2010 is not eligible for coverage from the SAF.