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Clean Water/Clean Air Bond Act of 1996 (Environmental Restoration Projects) [Excerpt]

From Environmental Conservation Law, Article 56, Title 5:
§ 56-0505 Envtl. Conserv. Environmental restoration projects; criteria.

  1. The department shall determine the eligibility of an environmental
restoration project for state assistance under this title based upon the
following criteria:

  (a) the benefit to the environment realized by the expeditious remediation
of the property proposed to be subject to such project;

  (b) the economic benefit to the state by the expeditious remediation
of the property proposed to be subject to such project;

  (c) the potential opportunity of the property proposed to be subject
to such project to be used for public recreational purposes; and

  (d) the opportunity for other funding sources to be available for the
remediation of such property, including, but not limited to, enforcement
actions against responsible parties (other than the municipality to
which state assistance was provided under this title; or a successor in
title, lender, or lessee who was not otherwise a responsible party prior
to such municipality taking title to the property), state assistance
payments pursuant to title thirteen of article twenty-seven of this
chapter, and the existence of private parties willing to remediate such
property using private funding sources. Highest priority shall be granted
to projects for which other such funding sources are not available.

  2. The department shall not enter into a contract with a municipality
pursuant to section 56-0503 for an environmental restoration project for
any site listed in the registry of inactive hazardous waste sites under
section 27-1305 of this chapter and given a classification as described
in subparagraph one or two of paragraph b of subdivision four of such
section 27-1305.

  3. The remediation objective of an environmental restoration project
shall meet the same standard for protection of public health and the
environment that applies to remedial actions undertaken pursuant to
section 27-1313 of this chapter.

  4. After completion of such project, the municipality may use the
property for public purposes or may dispose of it. If the municipality
shall dispose of such property by sale to a responsible party, such
party shall pay to such municipality, in addition to such other
consideration, an amount of money constituting the amount of state
assistance provided to the municipality under this title plus accrued
interest and transaction costs and the municipality shall deposit
that money into the environmental restoration project account of the
hazardous waste remedial fund established under section
ninety-seven-b of the state finance law.

  5. In the event that such project's remediation objective shall not
have been attained to the department's satisfaction at the time of the
municipality's disposition of such property, such municipality shall be
liable to ensure that such objective is attained within the time called
for in the state assistance contract.