LD 1863
pg. 2
Page 1 of 2 An Act To Provide Additional Financing for Costs Associated with the Remediatio... LD 1863 Title Page
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LR 2715
Item 1

 
Money in the fund may not be used for attorney's fees associated
with costs of the Plymouth waste oil site remedial study, remedial
design, technical impracticability study, past cost settlement,
implementation of institutional controls or time-critical removal
action, except that money in the fund may be used for attorney's
fees incurred for the preparation of restrictive covenants,
including deed and title research, for the properties within the
area identified by the United States Environmental Protection
Agency as the institutional control zone in order to implement the
institutional controls selected by the United States Environmental
Protection Agency.

 
A past cost settlement share may not be paid from the fund to a
person if the United States Environmental Protection Agency has
waived payment of the share based on the person's financial
capacity. The authority may condition payments related to the
Plymouth waste oil disposal site on receipt of an ability-to-pay
determination from the agency.

 
The authority, pursuant to Title 5, chapter 375, subchapter II 2,
shall adopt rules for determining eligibility, feasibility,
terms, conditions, security and fees for the loans, including
deferred loans. The authority shall adopt rules that provide for
a simplified loan application process for loan requests of under
$2000. Rules adopted pursuant to this subsection are routine
technical rules as defined in Title 5, chapter 375, subchapter
II-A 2-A. The authority shall charge an interest rate of 0% on
all loans. Loan repayment must be deferred until the United
States Environmental Protection Agency determines that
construction of the final remedy is complete. If the total
amount of the loan requests exceeds funds available under section
1023-L, the authority shall prorate the amount of the loan
available to each applicant by the ratio of the funds available
to the total loans requested.

 
Sec. 2. 10 MRSA §1023-M, sub-§2-B is enacted to read:

 
2-B.__Deadline for applications.__Applications submitted
pursuant to subsection 2 must be received within 90 days after
the effective date of this subsection, except that the authority
may extend that deadline by an additional period of time not to
exceed 60 days for good cause shown.

 
SUMMARY

 
This bill specifies that money in the Waste Oil Clean-up Fund
may be used for the costs of remedial design and technical
impracticability study.


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