2.6 B. Federal Reporting Requirements for Hazardous Substances
| Library | NY Real Estate Transactions: Contaminated Property Mitigation 2011 |
“[A]ny person in charge of” a facility, “as soon as he has knowledge of any release” of a hazardous substance greater than the reportable quantity, must notify the EPA.11 Failure to report can result in significant penalties. Like the list set forth under the New York State laws, the list of hazardous substances subject to federal reporting requirements is vast, with reportable quantities measured in pounds.12 If a soil or groundwater investigation reveals an apparently historic release, the facility owner...
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- 2.0 I. Due Diligence Process
- 2.1 A. Phase I and Phase II Environmental Site Assessment
- 2.2 B. Costs
- 2.3 C. Summary of Due Diligence Process
- 2.4 II. Reporting Requirements
- 2.5 A. New York State Reporting Requirements for Hazardous Substances (Non-petroleum)
- 2.6 B. Federal Reporting Requirements for Hazardous Substances
- 2.7 1. Emergency Planning and Community Right-to-Know Act
- 2.8 2. Resource Conservation and Recovery Act
- 2.9 C. Notice Requirement by Landlords for Indoor Air Contamination
- 2.10 D. Reporting Requirements for Petroleum
- 2.11 E. Local Requirements
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