Vermont
has enacted new legislation, the Brownfields Reuse and Environmental
Liability Limitation Act (BRELLA), intended to enhance brownfields
reuse efforts across the state. BRELLA replaces the previous
brownfields cleanup law, which was known as the redevelopment
of contaminated properties program. BRELLA preserves many
features of the prior law and adds provisions intended to enable
more projects to access the benefits provided by the brownfields
program.
Under
BRELLA, properties no longer have to be “vacant, abandoned,
or substantially underutilized” to be eligible to participate
in the program. The new law defines eligible brownfields
as “real property, the expansion, redevelopment or reuse
of which may be complicated by the release or threatened release
of a hazardous material.” A limited release from
liability has also been added. This limited release allows
brownfields developers to withdraw from the program prior to
completion of a cleanup and still receive a level of protection
from environmental liability. This provision is designed
to address situations where unforeseen circumstances are encountered,
making cleanup financially difficult to achieve under current
market conditions.
For projects
that proceed through cleanup, BRELLA provides a release that
protects the brownfields developer from the risk of environmental
liability for newly discovered contamination or changes in the
regulatory scheme.
This release
is transferable to successor property owners. BRELLA also
provides access to low interest loans for cleanup and confers
priority treatment for other brownfields assistance.
For
additional information, or to discuss a brownfields project,
contact Don Einhorn,
Brownfields Project Manager, at (802) 241-1093. |