Final answer:
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), or Superfund, is the major source of Federal funds for cleaning up environmentally polluted properties. Superfund aims to remediate the most hazardous sites, with an enhanced focus on pollution prevention through initiatives like the Pollution Prevention Act.
Step-by-step explanation:
The major source of Federal monies available to clean up environmentally polluted properties was originally created by the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as Superfund. Established in 1980, Superfund is designed to find and clean up the most hazardous polluted properties in the United States, ensuring the protection of the environment and public health. These properties are often listed on the "National Priorities List" where they receive focused attention and remediation efforts.
Over the years, EPA (Environmental Protection Agency) has advanced by not only focusing on remediation but also prevention of pollution. The Pollution Prevention Act (P2 Act) introduced measures to prevent environmental contamination by providing grants and support for businesses to reduce hazardous material use and implement source reduction techniques. Numerous programs have also been discussed or implemented to support or incentivize neighborhood and property cleanup, including tax incentives for those who undertake such efforts themselves.