Environmental
In New Mexico, underground storage tanks (USTs) containing petroleum products are regulated primarily by:
AThe NMREC
BThe New Mexico Environment Department (NMED)✓ Correct
CThe Army Corps of Engineers
DThe New Mexico State Engineer
Explanation
NMED's Underground Storage Tank (UST) Bureau regulates underground storage tanks in New Mexico to prevent and remediate soil and groundwater contamination from petroleum and other hazardous substances.
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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.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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