Environmental
The federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA/Superfund) affects Rhode Island real estate by:
ASetting maximum property tax rates on contaminated sites
BCreating broad liability for cleanup of contaminated sites, potentially affecting current and past property owners✓ Correct
CRequiring environmental insurance for all Rhode Island real estate transactions
DProhibiting the sale of contaminated properties
Explanation
CERCLA establishes liability for cleanup of contaminated sites that can extend to current property owners, past owners, and others who contributed to contamination. This liability is a major concern in commercial real estate due diligence.
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