The way environmental site assessments are conducted as part of your preacquisition due diligence is changing. When President Bush signed the Brownfield reforms to the federal Superfund law in 2002, the law directed USEPA to develop a rule that defines what is "all appropriate inquiry" ("AAI") for purposes of certain statutory liability exemptions. USEPA published the final rule last November and it is technically not effective until November 1st of this year (2006). However, consultants have already begun adapting the scope of their Phase I inquiry to meet the expanded requirements of the AAI rule.
For more information regarding environmental site assessments, please contact David A. Crass at 608.283.2267 or email@example.com .