New York A05075 mandates site owners to establish and maintain an environmental maintenance trust fund for sites with significant environmental.

New York A05075 amends the environmental conservation law to require owners of sites where actions may significantly impact the environment to establish and maintain an environmental maintenance trust fund. This fund must be held in a trust and its principal invested in permitted securities. Income from the fund is to be used solely for environmental maintenance of the site. The Department of Environmental Conservation will inspect sites after use to determine if environmental maintenance is needed.

New York A05075 mandates site owners to establish and maintain an environmental maintenance trust fund for sites with significant environmental.

New York A05075 amends the environmental conservation law to require owners of sites where actions may significantly impact the environment to establish and maintain an environmental maintenance trust fund. This fund must be held in a trust and its principal invested in permitted securities. Income from the fund is to be used solely for environmental maintenance of the site. The Department of Environmental Conservation will inspect sites after use to determine if environmental maintenance is needed.