Reimbursement/Corrective Action Fund Information
The Unobligated Balance of the CAF as of June 30, 2019 is $2,781,124.93.
Important to know about the Corrective Action Fund:
- The purpose of the Corrective Action Fund under New Mexico and federal law is to clean up and monitor leaks and spills from petroleum storage tanks in the state.
- Since 1992, over 1800 sites have been cleaned up to standards, with approximately 900 sites still requiring corrective action.
- Removing petroleum from soil and groundwater is difficult, time consuming, and expensive.
- The Corrective Action Fund (CAF) is most often the only way leaks from petroleum storage tanks can be cleaned up, as many former tank owners and operators have died or are financially unable to fund the cleanups.
- 88% of tank owners own two or fewer facilities, and these facilities primarily serve communities.
- There are approximately 917 leaking storage tank sites throughout the state that require, and are in, various phases of corrective action and are potentially eligible for reimbursement from the fund.
- Groundwater is the source of 90% of the drinking water in New Mexico.
- Removing petroleum from soil and groundwater is difficult, time consuming, and expensive. Most cleanups take years; some take decades.
- Over the past 5 years on average, 25 new releases have been reported per year.
- Without CAF, 925 tank owners and operators of the 1,787 tank facilities (4,412 tanks) throughout the state would be in jeopardy of not having financial assurance coverage, which is required by state and federal law. Without this coverage, they would be unable to operate, forcing many rural residents to drive long distances to buy fuel.
- CAF facilitates redevelopment and community revitalization of underutilized properties. (See our Successes: Cleanup and Redevelopment webpage.)
If you have difficulty viewing any forms on this page, please download them.
CAF Claim Forms
CAF Compliance Determination Forms
General CAF Reference Documents
Through a new program, loans may be available from the State Clean Water Revolving Fund for replacement, removal, or upgrade of storage tanks or remediation of releases. Please go to /construction-programs/clean-water-state-revolving-fund-cwsrf/ for more information. Applications are now being accepted year-round on an as-needed basis.
PLEASE NOTE WHEN LOOKING AT MONIES ASSOCIATED WITH CAF: Cash balance is NOT an accurate measure of available funds. Unobligated balance is a more accurate measure. Once funds are committed to addressing contamination, which usually takes years, they cannot be used for any other project. If unobligated balance is too low, no new cleanups can be started. Under state and federal law, $1 million must be kept in reserve for emergencies.
|Fiscal Year 2019||July 2018 – June 2019|
|Fiscal Year 2018||July 2017 – June 2018|
|Fiscal Year 2017||July 2016 – June 2017|
|Fiscal Year 2016||July 2015 – June 2016|
|Fiscal Year 2015||July 2014 – June 2015|
|Fiscal Year 2014||July 2013 – June 2014|
|Fiscal Year 2013||July 2012 – June 2013|
|Fiscal Year 2012||July 2011 – June 2012|
|Fiscal Year 2011||July 2010 – June 2011|
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