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devise ways to minimize the economic impact the extension of the permitting requirements would have on these facilities and activities. <br /> Efforts are being made to develop a regulatory program that would require cost-effective control strategies and that would keep at a <br /> *6P929 <br /> um the administrative burden on federal,state and local governments. Additional information may be obtained by call ng (202) <br /> or by calling EPA's storm water hotline at (703) 821-4823. <br /> INDOOR AIR QUALITY <br /> Although the Senate approved legislation last year (S. 455) that would have (1) funded research into the causes and cures of indoor <br /> air pollution, (2) provided money for indoor air quality diagnosis, mitigation programs and educational activities, and (3) caused the <br /> publication and distribution of educational materials on the causes, effects and solutions to indoor air pollution, the sponsors of a <br /> similar bill in the House (H.R. 1066) failed to complete work on their measure before Congress adjourned. Indoor air pollution is <br /> considered by many to be the source of numerous environmental health problems and has served as the basis for an increasing number <br /> of lawsuits against building owners. It is likely to receive careful attention by the next Congress. <br /> MULTIFAMILY ENVIRONMENTAL ASSESSMENTS <br /> A subcommittee of the American Society of Testing and Materials (ASTM) has completed work on a national standard for conducting <br /> environmental assessments of commercial real estate transactions. The procedures are intended to define what inquiries must be made <br /> by real estate purchasers, and those that make loans for such acquisitions, in order to avoid liability under CERCLA for cleaning up <br /> environmental hazards left on properties by previous owners. The document contains two separate approaches to analyzing <br /> environmental hazards on real property. The first is a transaction screening document designed for use by those who do not have <br /> environmental training but who,due to the size and nature of the transaction,desire to use the more cost-effective transaction screen <br /> which permits an environmental investigation of the prospective property without the assistance of an environmental professional. The <br /> second part of the standard establishes procedures for Phase I environmental site analyses to be carried out by an environmental expert <br /> The guidelines must now be voted on by ASTM as a whole. It is expected that the procedures will gain final approval early in 1993. <br /> ELECTROMAGNETIC FIELDS <br /> ern over adverse health effects caused by radiation from electromagnetic fields(E AF)has grown in the scientific community and <br /> been the basis for sevaal lawsuits alleging cancels caused by the close proximity of power lines to homes and apartments. As <br /> a result,all levels of government-- federal, state, and local — have been studying the issue and debating various proposed pieces of <br /> legislation. Several industry and government studies have been conducted over the past 15 years. with many ,note currently being <br /> carried out. NMHC has compiled a file of relevant materials on EMFs and those members who would like further information on <br /> the subject can contact NMHC Vice President Ronald Nickson at(202) 659-3381. <br /> FIRE-RETARDANT PLYWOOD <br /> A$50 million settlement was reached last week that will directly affect about 11,000 homeowners whose roofs are constructed with <br /> fire-retardant treated (FRT) plywood. The settlement applies to owners of homes built by New Jersey homebuilder K. Hovnanian <br /> Enterprises and is likely to serve as a model for settlement in cases involving approximately 24,000 other homeowners in that state. <br /> Under the settlement, the cost to replace the roofs will be shared among Hovnanian, plywood treatment companies, chemical supply <br /> companies, architects and lumber suppliers. The owners of the homes will also be required to pay between 5200 and $400. New- <br /> home-warrarity companies refused to participate in the settlement. It is expected that they will be sued by the State of New Jersey <br /> which will contribute that portion of the settlement that was expected to have come from such warranty companies. Parties familiar <br /> with the settlement believe it will be difficult to duplicate its success in other parts of the country because,unlike New Jersey, most <br /> states do not have the authority to pursue claims against companies or groups that refuse to participate in such settlements. <br /> FEDERAL PROPERTIES <br /> such <br /> On October 19,President Bush signed legislation (HR.+t%9 'that will make it easier for the government to sell real p roperty, <br /> as closed military bases,that it owns. The law modifies existing environmental Hiles that require clean-up of any environmental hazard <br /> found on the entire property prior to sale of any portion that may otherwise be environmentally clean. It requires agencies terminating <br /> operations on real property to identify those portions of real estate that do not contain hazardous substances(as defined by CERCLA), <br /> troleum products, and to encourage the sale of these parcels. The bill was intended to encourage the redevelopment of these <br /> ore ls to soften the economic impact on local communities caused by the closing of federal facilities. <br /> —4- <br />