Minnesota Phase 1 - Environmental Review - Update to ASTM Standard

In October, the ASTM E 50.02 subcommittee met to discuss the future of the E 1527-05 standard. According to ASTM bylaws, standards must be revised or reballoted every eight years to avoid sunsetting and becoming obsolete. E 1527-05 is approaching its fifth year and a task group has formed to discuss what changes, if any, need to be made to bring the standard in line with current best practices.

One factor that will make revising E 1527-05 more complicated than other E50 standards is that EPA has recognized E 1527-05 as being at least as stringent as the All Appropriate Inquiry (AAI) rule. Because the standard is referenced in a federal rule, EPA must approve of any revisions to E 1527. Depending on the nature of the changes, they may need to go through the federal rule making process, including a mandatory public comments period.

Caltha LLP assists prospective Buyers, Sellers and their Lenders in meeting Due Diligence, Environmental Site Assessment and Environmental Review requirements. To request a quote on-line, go to Caltha Environmental Assessment Quote Web Page.

For further information, contact Caltha LLP at:
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