Environmental

Which Oregon law specifically requires environmental cleanup responsibility to be evaluated before transfer of certain commercial properties?

AOregon's Voluntary Cleanup Program only applies post-transfer
BCERCLA (federal) and Oregon's Environmental Cleanup Law under ORS 465✓ Correct
COregon's Forest Practices Act
DRESPA

Explanation

Oregon's Environmental Cleanup Law (ORS 465) establishes a state Superfund-type program for contaminated sites and can hold property owners, former owners, operators, and arrangers liable for cleanup costs. CERCLA at the federal level provides similar liability frameworks. Buyers of commercial properties typically conduct Phase I (and Phase II if needed) ESAs before purchase to understand environmental risks.

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