Process
A forecast of future annual environmental and administrative costs is estimated using zero-based budgeting and the net present value is calculated using a discount rate based upon the U.S. Treasury yield curve and the Congressional Budget Office year-by-year inflation forecast
Liable party/U.S. EPA/state/ERRT reach agreement on environmental action scope and funding amounts
Execution of documents: consent order/consent decree, CNTS
Transfer of property, liability and funding to ERRT
ERRT undertakes environmental action under Agency oversight and positions property for sale/re-use