The General Assembly Raised Bill No. 1403 mandates the Commissioner of Economic and Community Development to conduct a study focused on the remediation and development of brownfields within the state. The bill requires the commissioner to submit a report detailing the findings of this study to the relevant joint standing committee of the General Assembly by February 1, 2026. This initiative aims to address the challenges associated with brownfield sites, which are often contaminated properties that hinder economic development.

The bill introduces new legal language, specifically stating that the study will be conducted as a new section effective from the date of passage. Additionally, it clarifies that the proposed deletions from current law are not applicable in this instance, as the entire text of the bill is new. The overall purpose of the bill is to enhance understanding and strategies for managing brownfield sites, ultimately promoting their redevelopment and contributing to community revitalization efforts.