NatLUST is a non-stock, non profit corporation created to provide low-cost liquidity to LUST fund claimants & consultants from across the country. NatLUST is successor to Virginia's award winning Virginia Resources Authority (“VRA”) Accelerated Claim Payment Program.
By providing low cost liquidity, NatLUST will help LUST funds achieve their statutory goals, which typically include protecting public health and serving as a mechanism meeting EPA's requirements that regulated tank owners demonstrate financial responsibility. NatLUST will be governed by a board of directors that include participating LUST fund administrators and other industry stakeholder group representatives. NatLUST expects to receive IRS 501(c)(3) certification in 2005.
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