Article: U.S. EPA's New "Contiguous Property Owner" Guidance.

Background

The liability exemptions afforded current and prospective owners of contaminated property under the Brownfields Revitalization Act erase some of the stigma attached to parties contemplating a step into the ownership chain of contaminated property. Reaping the benefits of these new liability protections are not, however, without obligations. The Act articulates a number of requirements for parties seeking to enjoy the protections offered. As many of these requirements are common to each of the three categories of protected parties, U.S. EPA issued guidance in March of 2003, its Interim Guidance Regarding Criteria Landowners Must Meet in Order to Qualify ...

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