Section 29 Definitions

• Library: Environmental Law 2002 Supp Replacement chs

Pertinent definitions in the statute include “[a]bandoned property,” “[a]llowable cost,” “[e]ligible project,” “[u]nderutilized” property, and “[v]oluntary remediation.”

“Abandoned property” means:

[R]eal property previously used for, or which has the potential to be used for, commercial or industrial purposes which reverted to the ownership of the state, a county, or municipal government, or an agency thereof, through donation, purchase, tax delinquency, foreclosure, default or settlement, including conveyance by deed in lieu of foreclosure; or a privately owned property endorsed by the city, or county if the property is not in a city, for inclusion in the program which will be transferred to a person other than the potentially responsible party as defined in chapter 260, RSMo, and has been vacant for a period of not less than three years from the time an application is made to the department of economic development[.]

Section 447.700(1), RSMo Supp. 2001. As was stated in §20.26 above, a significant change was made since the initial drafting of this chapter in that, in certain circumstances, privately owned property is now eligible for funding. This has...