S.1079 - Brownfield Site Redevelopment Assistance Act of 2002107th Congress (2001-2002)
Summary: S.1079 — 107th Congress (2001-2002)
Brownfield Site Redevelopment Assistance Act of 2002 - Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make grants for projects to alleviate or prevent conditions of excessive unemployment, underemployment, blight, and infrastructure deterioration associated with brownfield sites.
Reported to Senate amended (08/28/2002)
Defines a "brownfield site," with exceptions, as real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance or pollutant. Allows inclusions of sites otherwise excluded from consideration: (1) on a site-by-site basis if financial assistance will protect human health and the environment and promote economic development or facilitate the protection of parks, greenways, or other property used for nonprofit purposes or promote eco-industrial development; (2) that were contaminated by a controlled substance; (3) that are certain low-risk petroleum-contaminated sites; or (4) that are mine-scarred land. Defines eco-industrial development as development conducted in a manner in which businesses cooperate with each other and the local community to efficiently share resources with the goals of economic gains, improved environmental quality, and equitable enhancement of human resources in business and local communities.