NY A10602

Exempts limited-profit housing companies incorporated under the Private Housing Finance Law from further friable asbestos testing when renovating or replacing flooring in properties built between 1955-1974 that contain more than 15,000 housing units and received state or municipal tax, mortgage, or other assistance

Companies qualify for exemption if they have performed at least 25,000 tests for friable asbestos presence during flooring renovation or replacement activities and determined in their sole judgment that no friable asbestos has been or is expected to be released into the environment

Exempted companies are relieved from filing asbestos testing plans or reports to state or local regulatory agencies and may conduct flooring renovation or replacement work as they deem appropriate

Exemption does not relieve companies or other entities of tort law responsibility for the presence of friable asbestos or any consequences thereof

Effective immediately upon enactment