Superfund

Business / Real Estate / Superfund: Popular name of the hazardous waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) as amended by the Superfund Amendment and Reauthorization Act of 1986 (SARA). Superfund focuses on the cleanup of releases of hazardous substances on property. It creates significant legal exposure based on strict liability for owners, landlords and, sometimes lenders.

Superfund Amendments And Reauthorization Act (SARA)

Health / Disease / Superfund Amendments And Reauthorization Act (SARA): In 1986, SARA amended the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) and expanded the health-related responsibilities of ATSDR. CERCLA and SARA direct ATSDR MORE

Environmental Site Assessment

Business / Real Estate / Environmental Site Assessment: An independent investigation and assessment of a property to determine if any existing or potential environmental problems or hazards exist on property. It is usually done to determine if any environm MORE

Potentially Responsible Party (PRP)

Health / Disease / Potentially Responsible Party (PRP): A company, government, or person legally responsible for cleaning up the pollution at a hazardous waste site under Superfund. There may be more than one PRP for a particular site. MORE

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