The mandated EVR/ISD upgrade has costly consequences if not installed in time. The deadline is April 1st, 2009, and will not be extended. There will be strict and expensive penalties for noncompliance.
After March 31, 2009, it will be illegal to operate without the Phase II EVR upgrade.
There will be monetary penalties and non-compliant facilities may be tagged out-of-service until the upgrade is completed. The fines could be anywhere from $1,000 to $70,000 a day. It is more likely that they will shut down your gas station until the upgrades are completed.
Upgrade your station soon to avoid these penalties.
Steve Lee is an Equipment Finance Specialist at a leading financing company, First Star Capital (http://www.firststarcapital.com/ ). Steve is a frequent contributor to online publications and newsletters, and is the author of this blog on commercial financing topics.
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