This bill proposes several updates to current statutes regarding the liability of property owners in the event of a hazardous substance release. Under the new provisions, the owner of a qualifying property must provide written notice of any release or threatened release of hazardous substances to prospective buyers, the Director of the Arizona Department of Environmental Quality (ADEQ), and the State Mine Inspector if applicable. This notice must occur before the property is conveyed. The bill also defines "qualifying property" and "prospective buyer," establishing clear criteria for when these notifications are required.

Additionally, the bill modifies existing liability provisions by clarifying the conditions under which a property owner is deemed responsible for hazardous substance releases. It introduces definitions for terms such as "written notice" and outlines the circumstances under which an owner may not be held liable. The bill also makes technical changes to ensure consistency and clarity in the language of the law. Overall, these updates aim to enhance transparency and accountability in property transactions involving hazardous substances.

Statutes affected:
Introduced Version: 49-283
House Engrossed Version: 49-283
Chaptered Version: 49-283