Environmental
The Emergency Planning and Community Right-to-Know Act (EPCRA) requires businesses to:
ARemediate all hazardous chemical spills within 24 hours
BReport the storage and release of hazardous chemicals to state and local authorities✓ Correct
CNotify neighbors before using pesticides
DFile environmental reports with TREC annually
Explanation
EPCRA (also known as SARA Title III) requires facilities to report hazardous chemical storage and accidental releases to state and local emergency planning committees. The public can access this data through the EPA's Toxics Release Inventory (TRI), which is useful in real estate due diligence.
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Key Terms to Know
Transfer Tax
A tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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.
State-Specific Concepts
TREC Regulation
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