Environmental
The Illinois EPA's 'Voluntary Site Remediation Program' (VSRP) provides property owners and purchasers with:
AA requirement to remediate all contamination regardless of cost
BA voluntary pathway to clean up contaminated sites and receive liability protection upon successful completion✓ Correct
CFederal funding for all cleanup costs at contaminated sites
DExemption from all future environmental regulations at cleaned-up sites
Explanation
The Illinois EPA's Voluntary Site Remediation Program (VSRP, also known as the Site Remediation Program or SRP) allows property owners, prospective purchasers, and lenders to voluntarily investigate and remediate contaminated properties. Upon successful cleanup meeting applicable standards, participants receive a No Further Remediation (NFR) letter providing liability protection. This program facilitates brownfield redevelopment in Illinois.
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