State Replaces Transfer Act with Release-Based System, Forecasting Billions in Economic Activity

According to the Hartford Business Journal, Connecticut lawmakers have approved new environmental cleanup regulations to replace the 40-year-old Transfer Act. The revised system, set to take effect in spring 2026, shifts to a release-based approach, requiring pollution to be addressed as it occurs or is discovered. Officials estimate the change will unlock $3.78 billion in GDP growth over five years, generating $115 million in state revenue and over 2,100 construction jobs. The previous law was criticized for its broad scope, requiring costly environmental reviews for properties with minimal hazardous waste history, slowing economic development. The new regulations align Connecticut with practices in 48 other states, aiming for faster cleanups and increased investment in industrial and commercial sites.

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