ISRA Basics and Purposes
The Industrial Site Recovery Act (ISRA) (N.J.S.A. 13:1K and N.J.A.C. 7:26B), is implemented by the New Jersey Department of Environmental Protection (NJDEP). It was introduced on July 23, 1992 as the Legislature’s efforts to reform the process by which contaminated sites are remediated, and signed into law as P.L. 1993, c.139. The ISRA Regulations (N.J.A.C. 7:26B) were adopted on November 17, 1997.
ISRA imposes certain preconditions on the sale, transfer, or closure of “industrial establishments” involved in the generation, manufacture, refining, transportation, treatment, storage, handling or disposal of hazardous substances or wastes.
The primary goal is to ensure that industrial establishments have been remediated to an acceptable condition upon sale, transfer, or closure without jeopardizing the time needed to finalize real estate and business transactions.
Is your facility ISRA applicable?
- Operating on or after December 31, 1983
- Has an applicable 2002 NAICS Code(s) listed in ISRA Law Appendix C
- Has been utilization of hazardous materials or petroleum products
- The owner or operator is planning on closing, transferring ownership or operation of such facility
THERE IS NO MINIMUM THRESHOLD QUANTITY
Next up in the ISRA Series: Determining Triggering Events and Boundary Lines
For more information contact Kristin Heimburger, Director of Environmental Consulting at firstname.lastname@example.org