Missouri Underground Storage Lease and Agreement

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1179
• Format: Word; Rich Text

Description

This form is an underground storage lease and agreement. Missouri Underground Storage Lease and Agreement, also known as the Missouri MUST Lease and Agreement, is a legally binding document that regulates the use of underground storage tanks (Uses) in Missouri. Uses are commonly used to store petroleum and hazardous substances, ensuring safe storage while minimizing the risk of groundwater contamination and potential environmental hazards. This agreement is established between the MUST owner or operator and the Missouri Department of Natural Resources (MDR), outlining the responsibilities, obligations, and terms that must be adhered to. The Missouri MUST Lease and Agreement contains several key clauses and provisions, including: 1. Definitions: This section clearly defines important terms and phrases used throughout the agreement, such as MUST, petroleum, hazardous substances, MDR, and more. 2. Site Approval: Before operating Uses, the MUST owner or operator must obtain approval from MDR. The agreement specifies the criteria that must be met for the site to be approved. 3. Compliance with Applicable Laws and Regulations: The lessee must adhere to all federal, state, and local laws, regulations, and guidelines related to Uses, including those outlined in the Missouri Underground Storage Tank Law. 4. Financial Responsibility: The agreement requires the lessee to demonstrate their financial ability to cover potential costs associated with MUST releases, including liability insurance, cleanup, and compensation to affected parties. 5. Reporting and Record Keeping: The lessee is obligated to maintain accurate records related to MUST operations, inspections, maintenance, repairs, and any releases. Regular reports must be submitted to MDR. 6. Inspection, Testing, and Maintenance: The agreement outlines the requirements for routine MUST inspections, testing, and maintenance procedures to ensure compliance with safety standards and minimize the risk of leaks or releases. 7. Release Notification and Response: In the event of a MUST release, the lessee must promptly report it to MDR and follow the prescribed procedures for investigation, cleanup, remediation, and any necessary corrective actions. 8. Termination and Transfer of Ownership: The agreement details the conditions and process for termination, renewal, or assignment of the MUST lease, including the transfer of ownership rights and responsibilities. It's important to note that while there are no specific types of Missouri Underground Storage Lease and Agreement mentioned, the agreement's content may vary based on certain factors, such as the type and size of Uses, the specific substances being stored, and the location of the storage site. Nonetheless, the key components mentioned above are typically included in any Missouri MUST Lease and Agreement to ensure compliance with state and federal regulations and protect the environment.

Missouri Underground Storage Lease and Agreement, also known as the Missouri MUST Lease and Agreement, is a legally binding document that regulates the use of underground storage tanks (Uses) in Missouri. Uses are commonly used to store petroleum and hazardous substances, ensuring safe storage while minimizing the risk of groundwater contamination and potential environmental hazards. This agreement is established between the MUST owner or operator and the Missouri Department of Natural Resources (MDR), outlining the responsibilities, obligations, and terms that must be adhered to. The Missouri MUST Lease and Agreement contains several key clauses and provisions, including: 1. Definitions: This section clearly defines important terms and phrases used throughout the agreement, such as MUST, petroleum, hazardous substances, MDR, and more. 2. Site Approval: Before operating Uses, the MUST owner or operator must obtain approval from MDR. The agreement specifies the criteria that must be met for the site to be approved. 3. Compliance with Applicable Laws and Regulations: The lessee must adhere to all federal, state, and local laws, regulations, and guidelines related to Uses, including those outlined in the Missouri Underground Storage Tank Law. 4. Financial Responsibility: The agreement requires the lessee to demonstrate their financial ability to cover potential costs associated with MUST releases, including liability insurance, cleanup, and compensation to affected parties. 5. Reporting and Record Keeping: The lessee is obligated to maintain accurate records related to MUST operations, inspections, maintenance, repairs, and any releases. Regular reports must be submitted to MDR. 6. Inspection, Testing, and Maintenance: The agreement outlines the requirements for routine MUST inspections, testing, and maintenance procedures to ensure compliance with safety standards and minimize the risk of leaks or releases. 7. Release Notification and Response: In the event of a MUST release, the lessee must promptly report it to MDR and follow the prescribed procedures for investigation, cleanup, remediation, and any necessary corrective actions. 8. Termination and Transfer of Ownership: The agreement details the conditions and process for termination, renewal, or assignment of the MUST lease, including the transfer of ownership rights and responsibilities. It's important to note that while there are no specific types of Missouri Underground Storage Lease and Agreement mentioned, the agreement's content may vary based on certain factors, such as the type and size of Uses, the specific substances being stored, and the location of the storage site. Nonetheless, the key components mentioned above are typically included in any Missouri MUST Lease and Agreement to ensure compliance with state and federal regulations and protect the environment.