Environmental
A Minnesota property owner near a Superfund site received an order from the EPA requiring cleanup of their portion of the contamination. The cleanup order is called a:
APhase I ESA requirement
BAdministrative Order on Consent (AOC) or Unilateral Administrative Order (UAO)✓ Correct
CEnvironmental Impact Statement
DMPCA compliance letter
Explanation
The EPA issues Administrative Orders on Consent (AOC, negotiated) or Unilateral Administrative Orders (UAO, non-negotiated) to require responsible parties to perform cleanup at Superfund sites. Minnesota has several Superfund sites including those related to Twin Cities Army Ammunition Plant and industrial contamination in the East Metro area.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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