The bill amends Section 35-19-2 of the Code of Alabama 1975, which pertains to environmental covenants. An environmental covenant is a restriction or obligation created with respect to real property for environmental remediation purposes. The bill specifically excludes work regarding aboveground storage tanks that are registered for eligibility under the Alabama Underground and Aboveground Storage Tank Trust Fund from being considered as an environmental response project for the purposes of creating an environmental covenant.

The amendment clarifies that activities related to aboveground storage tanks covered by the specified Trust Fund are not to be included within the scope of environmental response projects that can give rise to environmental covenants. This exclusion is added to the definition of "Environmental Response Project" in the bill. The bill also includes minor updates to the dates and procedural information regarding its passage through the Alabama House of Representatives and Senate. The act will become effective on the first day of the third month following its passage and approval by the Governor, or upon becoming law without the Governor's signature.

Statutes affected:
Introduced: 35-19-2
Enrolled: 35-19-2