An act relating to funding brownfields redevelopment

This bill increases the maximum grant amounts available from Vermont's Brownfield Revitalization Fund, raising assessment grants from $50,000 to $75,000 and remediation grants from $200,000 to $500,000, while also directing $1 million annually to regional planning commissions for brownfield site assessments. The legislation requires the Secretary of Commerce and Community Development to report annually to the legislature on how the fund is administered and how projects are prioritized for funding. It maintains the existing criteria for awarding grants, which consider factors like environmental health risks, economic development potential, housing needs, and geographic distribution of awards. The bill directly affects property owners, developers, and communities seeking to clean up and redevelop contaminated sites, as well as regional planning commissions that will administer assessment funding.