Why is it important for local governments and others to conduct an environmental assessment that conforms to federal All Appropriate Inquiry standards?
There are several reasons. First, it is always a good idea to know the environmental condition of a property. Second, if a potentially contaminated property is to be purchased, it provides a liability defense under federal Superfund law, even if the assessment shows that the property is contaminated. Third, for local governments, it preserves eligibility for federal brownfield grants, as well as for certain state brownfield grants and no-interest loans.
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