™Your Policy Risk Impact Agent
21 chapters · 363 sections in this title.
12 V.I.C. § 551 Definitions
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(a) “Bona fide prospective purchaser” means a person who acquires ownership after January 1, 2002, or proposes to acquire ownership of, real property after the release of hazardous substances occurred. (b) “Brownsfield” means real property; the expansion, redevelopment, or reuse …
12 V.I.C. § 552 Brownsfield restoration and land renewal policy and programs
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The Department, the Economic Development Authority and other appropriate agencies shall establish policies and programs to implement the public policy of the Territory to eliminate public health and environmental hazards on existing commercial and industrial real property in the …
12 V.I.C. § 553 Voluntary Remediation Program
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(a) Any person who owns real property that has been contaminated with hazardous substances or petroleum products may submit an application for the approval of a voluntary clean-up plan to the Department under this section. A voluntary clean-up plan must include:(1) An environment…
12 V.I.C. § 554 Designation as a Brownsfield Site, recording of designation
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(a) Once the Department has designated a site as Brownsfield, the Department shall issue institutional controls limiting the uses of the site. These controls must be recorded with the Office of the Lieutenant Governor, Recorder of Deeds as a deed notice, and shall run with the la…
