What is NatLUST?
The National Leaking Underground Storage Tank Program Fund (“NatLUST”) is a 501(c)(3) nonprofit program created to provide low-cost claim financing to owner/operators (‘claimants’) and their consultants. NatLUST is the successor to a governmental financing program that the State of Virginia created in 2002 to provide liquidity to its stakeholders. At the time, Virginia’s UST fund was taking over a year to reimburse claims. NatLUST became the successor to Virginia’s program in February 2005. We operate UST financing programs in Virginia and Connecticut, and will add additional states in 2008. By providing inexpensive claims financing, NatLUST helps the Illinois EPA protect the environment by keeping clean ups going, thereby lessening the burdens of government. NatLUST does not operate as a typical corporation, but as a servant of the State.
