(a) No person shall own, install, or operate a UST without a permit issued by the Administrator. An applicant for a permit shall pay a permit processing fee prescribed by the regulations.

For the purpose of this Chapter, and until such rules and regulations describing the UST Fee Schedule has been adopted, an interim annual fee of Two Hundred Fifty Dollars ($250.00) per tank shall be established as the permit fee and shall go into effect one hundred eighty (180) days after enactment of this Chapter.

(b) Said permit shall be non-transferable and conditioned upon the observance of the laws of Guam and related rules and regulations.

(c) A permit holder shall apply for the renewal of each permit he/she holds, upon forms provided by the Administrator, not less than sixty (60) calendar days prior to the permit’s expiration.

(d) Each permit application and permit renewal application shall be submitted with evidence of financial responsibility, in a sum established by the Administrator by regulation.