LD 645, Page 2 - 121th Legislature, FIRST REGULAR Session

in the fund as security for and the application of money in the

fund in payment of principal, interest and other amounts due on

insured loans. Money in the fund may be used for direct loans

or deferred loans for all or part of the costs of the Plymouth

waste oil site remedial study, past cost settlement,

implementation of institutional controls approved by the United

States Environmental Protection Agency to prevent use of

contaminated groundwater by nearby residents and time-critical

removal action costs when the authority determines that:

Emergency clause. In view of the emergency cited in the
preamble, this Act takes effect when approved.

SUMMARY

This bill authorizes the Finance Authority of Maine to
provide interest-free loans to potentially responsible parties
for the cost of implementing institutional controls at the
federally designated Superfund site at Hows Corner in
Plymouth.

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