New York Approves Refinancing of Superfund Program

Date: September 17, 2003

Source: News Room

The New York state Senate has given final legislative approval to refinancing the state Superfund program and establishing rules and tax incentives for cleaning up thousands of brownfields across New York. The state Superfund ran out of money in 2001, with about 800 hazardous waste sites left to clean up. New York also has 91 polluted sites on the federal Superfund priorities list. The estimated annual cost of the state Superfund program is $120 million, funded through state environmental bonds, which are paid for through the state general fund and matching industry fees.
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