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MI HB6235
Bill
Status
6/16/2022
Primary Sponsor
David LaGrand
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AI Summary
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Requires completion of an "all appropriate inquiry" evaluation (conforming to federal standards in 40 CFR 312) no more than 100 days before closing for all commercial property sales or transfers.
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Mandates delivery of a written "baseline environmental assessment" documenting environmental conditions and hazardous substance findings to the buyer or transferee at or before closing.
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Requires sellers to submit a copy of the baseline environmental assessment to the Department of Environment, Great Lakes, and Energy.
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Voids any sale or transfer of commercial property that fails to comply with these requirements.
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Directs the Department to establish a filing system to store and accept baseline environmental assessments.
Legislative Description
Property: land sales; environmental inspections; require at time of sale for commercial properties. Creates new act.
Housing: inspection
Last Action
Bill Electronically Reproduced 06/21/2022
6/21/2022