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Real estate law RELChapter14Overview

Real estate law RELChapter14Overview - MANAGEMENT 4803...

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MANAGEMENT 4803 LEGAL ASPECTS OF REAL ESTATE COLLEGE OF MANAGEMENT GEORGIA INSTITUTE OF TECHNOLOGY PROFESSOR LUCIEN J. DHOOGE OVERVIEW OF CHAPTER 14 Chapter 14 focuses upon the impact of environmental legislation upon real estate and judicial review of administrative decisions in the area of environmental regulation. There are numerous federal and state laws that impact real estate. The focus in Chapter 14 is upon federal law. However, state environmental requirements should not be forgotten. Oftentimes these state laws mirror their federal counterparts. Chapter 14 discusses four important federal statutes that may impact real estate. The first statute is the National Environmental Policy Act of 1969 (NEPA). Among its many provisions is the requirement that all federal or federally funded construction projects must be preceded by an approved environmental impact statement. NEPA also served to create the Environmental Protection Agency (EPA). This federal agency is responsible for the
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