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GA HB957
Bill
Status
Passed
4/15/2014
Primary Sponsor
Charles Williams
Click for details
AI Summary
- Renames the "Georgia Hazardous Site Reuse and Redevelopment Act" to the "Georgia Brownfield Act"
- Expands the definition of "prospective purchaser" to include persons acquiring any property interest (not just full title purchases), and adds a new definition of "property interest" as any interest in real property regardless of whether it is exclusive or possessory
- Extends liability limitation protections to qualifying purchasers who apply within 30 days of acquiring title or any new property interest in a qualifying property with a preexisting hazardous release
- Provides that the limitation of liability survives changes in the nature of a prospective purchaser's property interest and automatically transfers to heirs, assigns, successors in title, designees, and any person acquiring any other property interest in the protected property — but does not absolve parties who contributed to the release
- Applies retroactively to any qualifying prospective purchaser who applied for a limitation of liability after May 1, 2012, and subsequently obtained the director's approval of a corrective action plan or certification of compliance
Legislative Description
Georgia Brownfield Act; enact
Last Action
Effective Date
7/1/2014
Full Bill Text
No bill text available