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How often must a written statement of statistical inventory reconciliation results be submitted to the Local Agency?

  1. 6 months

  2. 12 months

  3. 18 months

  4. 36 months

The correct answer is: 12 months

The correct answer indicates that a written statement of statistical inventory reconciliation results must be submitted to the Local Agency every 12 months. This requirement is consistent with regulatory practices that emphasize regular monitoring of inventory to ensure compliance and maintain environmental safety. The rationale behind this 12-month frequency is to allow for ongoing evaluation of the inventory management processes and to detect any discrepancies, such as potential leaks or losses. Submitting the statement annually ensures that the Local Agency is updated on the operational status of UST systems and can take necessary actions if issues are identified. By requiring this periodic review, regulatory bodies aim to enforce accountability and uphold safety standards in the management of underground storage tanks. In terms of the other options, a frequency of 6 months might be too frequent for typical operations, while intervals of 18 or 36 months could lead to delays in identifying and addressing potential problems that might arise within the UST systems, compromising environmental safety and compliance efforts. Thus, the annual requirement strikes an effective balance between thorough oversight and operational practicality.