"Environmental Guarantee Form and Variations" is a American Lawyer Media form. This is the environmental guarantee form with variations.
The New Jersey Environmental Guarantee Form is a legal document used in the state to provide assurance that a property has been assessed and remediated in compliance with environmental regulations. This form is primarily utilized when transferring ownership or redeveloping a contaminated property to ensure that the new owner or developer will not be held financially responsible for any future environmental remediation costs. The New Jersey Department of Environmental Protection (NJ DEP) has developed various variations of the Environmental Guarantee Form to accommodate different situations and types of contamination. Some notable variations include: 1. Underground Storage Tank (MUST) Environmental Guarantee Form: This form is specific to properties that have or had underground storage tanks, such as those used for storing petroleum or hazardous substances. It certifies that the property has been properly assessed, remediated, and meets all the requirements set by NJ DEP regarding MUST removal. 2. Site Remediation Reform Act (SARA) Environmental Guarantee Form: Introduced in 2009, SARA brought significant changes to the environmental regulations and process in New Jersey. The Environmental Guarantee Form under SARA ensures that the property has undergone remediation in accordance with the new guidelines and standards set by NJ DEP. 3. Industrial Site Recovery Act (IRA) Environmental Guarantee Form: IRA is applicable to industries that have closed/relocated certain types of operations, such as manufacturing, and require thorough evaluation of potential contamination. The IRA Environmental Guarantee Form certifies that the property has undergone the necessary assessments and clean-up procedures, as required by NJ DEP. 4. Brownfield Development Area (BDA) Environmental Guarantee Form: Bias are specific areas in New Jersey that have been designated for redevelopment due to their contaminated or underutilized status. The BDA Environmental Guarantee Form is issued for properties within these areas and ensures that the necessary remediation activities have been completed following NJ DEP guidelines. 5. Coastal Area Facility Review Act (CAPRA) Environmental Guarantee Form: For properties located within the coastal areas of New Jersey, CAPRA regulations apply. The CAPRA Environmental Guarantee Form guarantees that the property has been assessed and remediated, meeting NJ DEP's stringent coastal area environmental requirements. It is important to note that these variations may evolve and change over time as new regulations and policies are implemented by the NJ DEP. Therefore, it is essential to consult the most up-to-date information and forms provided by the NJ DEP and seek legal advice for accurate completion of the Environmental Guarantee Form.
