AN ACT CONCERNING RELEASE-BASED CLEANUP REMEDIATION STANDARDS IN LIEU OF THE TRANSFER ACT.

SB 1351 replaces Connecticut's "Transfer Act" with new cleanup standards focused on actual contamination releases rather than property transfers. It requires anyone creating or maintaining a release (e.g., chemical spills) to report it and remediate to new standards set by regulations, directly affecting property owners and developers who cause contamination. Key provisions include exempting common transactions like foreclosures, tax sales, family transfers, and residential property changes from cleanup obligations under the old law. The bill shifts responsibility to address contamination at its source, not during ownership changes, while maintaining liability for costs incurred from unremediated releases.