SB 388 Creates the "Missouri Environmental Covenants Law"
Sponsor: Mayer
LR Number: 0979S.04C Fiscal Note: 0979-04
Committee: Agriculture, Conservation, Parks & Natural Resources
Last Action: 5/18/2007 - S Informal Calendar S Bills for Perfection Journal Page:
Title: SCS SB 388 Calendar Position:
Effective Date: August 28, 2007

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2007 Senate Bills

Current Bill Summary

SCS/SB 388 - This act creates the Missouri Environmental Covenants Law, which allows environmental covenants to be created for real property that is or has been the subject of environmental remediation. The covenants are standardized voluntary agreements in which parties with an interest in the real property ensure that restrictions on site usage required by the remediation are maintained.

The act describes the information required in an environmental covenant, the powers and restrictions of an environmental covenant, and the process by which environmental covenants may be amended or terminated.

Environmental covenants must be recorded in the county in which the real property in located. The Department of Natural Resources is required to maintain a database of all environmental covenants in the state.

Certain aboveground and underground storage tanks are exempt from the provisions in the act.

This act is similar to HB 781 (2007) and SB 862 (2006).