MI HB5115

Modifies eligibility requirements for underground storage tank cleanup fund reimbursement, requiring claims to be filed within 24 months of reporting a confirmed release and eliminating coverage for releases discovered after tank closure

Increases administrative cost cap for fund implementation from 7% to 12% of projected annual revenues

Expands reimbursement eligibility to include refined petroleum underground storage tanks owned by federally recognized tribes that comply with federal registration and financial responsibility requirements

Adds detailed list of excluded costs including litigation expenses, punitive damages, environmental liability insurance premiums, lost income, and corrective actions exceeding what is necessary for restricted closure

Requires legacy release program work invoices to be submitted within 180 days after the amendatory act's effective date and limits reimbursement to 50% of eligible costs up to $50,000 per location