FL S0702

Authorizes the Department of Environmental Protection to pay up to $10 million annually from the Inland Protection Trust Fund to repair or replace petroleum storage systems damaged by ethanol or biodiesel fuel blends, or for preventive measures to reduce such damage

Establishes a 25% deductible for petroleum storage system owners or operators receiving repair, replacement, or preventive measure payments, with individual facilities capped at $200,000 annually and $500,000 aggregate annually per owner/operator

Modifies the Petroleum Cleanup Participation Program to allow the 25% copayment requirement to be satisfied through cost savings to the department, reduced contractor rates, or the difference between Level I and Level II closure options, rather than solely through cash payments

Requires the department, after July 1, 2019, to only register new petroleum storage equipment that meets compatibility standards for ethanol blends, biodiesel blends, and other alternative fuels

Updates the advanced cleanup application process to require a property owner or responsible party agreement committing to continued program participation, and requires the department to issue purchase orders of up to $35,000 for limited contamination assessments after application acceptance