58:10B-25.2 Grant expenditures for remedial action constitutes debt of property owner to fund; lien.
8.Any expenditure of grant moneys for a remedial action in a brownfield development area by a municipality, county, or redevelopment entity on property in which the municipality, county, or redevelopment entity does not have an ownership interest, shall constitute a debt of the property owner to the fund. The debt shall constitute a lien on the real property at which the remedial action is performed. The lien shall be in the amount of the grant awarded for the remedial action on that property. The lien shall attach when a notice of lien, incorporating the name of the property owner, a description of the property subject to the remedial action and an identification of the amount of the grant awarded from the fund, is duly filed with the county recording officer in the county in which the property is located. The lien filed pursuant to this section which affects the property subject to the remedial action shall create a lien with priority over all other claims or liens which are or have been filed against the property, except if the property comprises six dwelling units or less and is used exclusively for residential purposes, this notice of lien shall not affect any valid lien, right or interest in the property filed in accordance with established procedure prior to the filing of this notice of lien. A lien that is filed on real property pursuant to this section shall be removed upon transfer of ownership of the property to the municipality, county, or redevelopment entity that expended grant moneys for a remedial action on that property.
L.2005,c.223,s.8.
Section: Previous 58-10b-24.3 58-10b-24.4 58-10b-24.5 58-10b-24.6 58-10b-24.7 58-10b-25 58-10b-25.1 58-10b-25.2 58-10b-25.3 58-10b-26 58-10b-27 58-10b-27.1 58-10b-27.2 58-10b-28 58-10b-29 Next
Last modified: October 11, 2016