On his last day in office, Governor Christie last week expanded the existing Hazardous Discharge Site Remediation Fund grant program by allocating funds to a much wider array of contaminated sites in municipalities throughout the state. The funds can now be used to identify, characterize and remediate blighted or underutilized properties, and developers can now consider those sites for ultimate redevelopment.
The Hazardous Discharge Site Remediation Fund was created in 1993 as part of NJ’s Brownfield and Contaminated Site Remediation Act and is administered by the NJ Department of Environmental Protection and the NJ Economic Development Authority. Among other purposes, the fund provides grants to municipalities to investigate and clean up contaminated properties. Funds are derived from a percentage of NJ’s Corporate Business Tax.