HR 3844 · 103th Congress · Environmental Protection

Brownfield Cleanup and Redevelopment Revolving Loan Fund Act

Introduced 1994-02-10· Sponsored by Rep. Visclosky, Peter J. [D-IN-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Transportation and Hazardous Materials.(1994-03-04)

Plain Language Summary

[AI summary unavailable — showing source text] Brownfield Cleanup and Redevelopment Revolving Loan Fund Act - Directs the Administrator of the Environmental Protection Agency to establish a program to provide capitalization loans to States to establish or expand a State revolving loan fund for purposes of providing loans for voluntary environmental cleanups of eligible facilities. Defines "eligible facilities" as facilities or property that are determined by a State to have environmental contamination that: (1) could prevent the timely use, development, or reuse of the facility or property; and (2) is limited in scope and can be comprehensively and readily evaluated. Sets forth loan application requirements, including: (1) evidence that the State is carrying out a voluntary cleanup program for eligible facilities and will provide a matching share of at least 20 percent of the costs of such cleanup from either new or existing sources of State funding; (2) a description of the State's proposed revolving loan program and capability to manage the program; and (3) a statement that the State will begin repayment of the loan within five years (and evidence of the State's ability to repay) and that a loan from the revolving loan fund w…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (10)

7 Democrats3 Republicans