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SB 862 - This act establishes the concept of environmental covenants, a standardized voluntary mechanism by which participants in risk based property clean ups can enter into a covenant to ensure that specific limitations on site usage required by the clean up are maintained in perpetuity or until amended. The act describes the requirements that must be satisfied before a covenant can be approved as such, the powers and restrictions of a covenant, and the process by which such covenants can be amended or terminated. The act directs the Department of Natural Resources to establish a database to maintain a comprehensive list of all covenants in the state. MEGAN WORD
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