NatLUST is a non-stock, non profit corporation created to provide low-cost liquidity to LUST fund claimants & consultants from across the country. NatLUST officially took over from Virginia's award winning Virginia Resources Authority ("VRA") Accelerated Claim Payment Program on February 1, 2005.
By providing low cost liquidity, NatLUST can help LUST funds achieve their statutory goals, which typically include protecting public health and meeting EPA's requirement that regulated tank owners demonstrate financial responsibility.
NatLUST is governed by a board of directors that include participating LUST fund administrators and other industry stakeholder group representatives. NatLUST filed for IRS 501(c)(3) certification in late October, 2005.
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