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H.B. 972
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VETOES
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(II) IF MORE THAN ONE COUNTY ADMINISTERS OR CAPITALIZES A
LOCAL ECONOMIC DEVELOPMENT FUND, EACH COUNTY MAY RECEIVE THE
MAXIMUM PERMITTED FOR A COUNTY.
(D) (1) A LOCAL GOVERNMENT SHALL UTILIZE A GRANT OF FUNDS UNDER
THIS SECTION FOR THE PURPOSE OF PROVIDING LOANS OR LOAN GUARANTEES, OR
SUBSIDIZING THE INTEREST RATE ON LOANS, FOR FINANCING ECONOMIC
DEVELOPMENT PROJECTS OR LOANS TO SMALL BUSINESSES.
(2) AT THE DISCRETION OF THE DEPARTMENT, FUNDS GRANTED UNDER
THIS SECTION MAY REVERT TO THE DEPARTMENT IF THE LOCAL ECONOMIC
DEVELOPMENT FUND IS INACTIVE FOR MORE THAN 2 YEARS AFTER THE DATE ON
WHICH A GRANT OF FUNDS UNDER THIS SECTION IS MADE.
(E) THE DEPARTMENT SHALL REPORT TO THE GOVERNOR AND, SUBJECT TO §
2-1246 OF THE STATE GOVERNMENT ARTICLE, TO THE GENERAL ASSEMBLY BEFORE
JANUARY 1 OF EACH YEAR ON THE NUMBER, AMOUNT, USE, AND ECONOMIC
BENEFITS OF GRANTS AWARDED UNDER THIS SECTION.
5-1408.
(A) (1) AT THE TIME A PERSON APPLIES TO PARTICIPATE IN THE
VOLUNTARY CLEANUP PROGRAM UNDER TITLE 7, SUBTITLE 5 OF THE ENVIRONMENT
ARTICLE OR RECEIVES APPROVAL FROM THE DEPARTMENT. OF THE ENVIRONMENT
FOR THE IMPLEMENTATION OF A CORRECTIVE ACTION PLAN UNDER TITLE 4 OF THE
ENVIRONMENT ARTICLE, THE PERSON MAY SUBMIT A REQUEST TO THE
DEPARTMENT TO DETERMINE WHETHER THE PERSON QUALIFIES FOR FINANCIAL
ASSISTANCE FOR THE POTENTIAL REDEVELOPMENT OF A BROWNFIELDS SITE.
(2) (I) WITHIN 30 DAYS AFTER RECEIPT OF A REQUEST UNDER
PARAGRAPH (1) OF THIS SUBSECTION, THE DEPARTMENT SHALL NOTIFY AN
APPLICANT WHETHER, IF APPROVED TO PARTICIPATE IN THE VOLUNTARY CLEANUP
PROGRAM OR A CORRECTIVE ACTION PLAN, AND IF APPROVED BY THE AUTHORITY,
THE APPLICANT QUALIFIES FOR FINANCIAL ASSISTANCE FOR THE REDEVELOPMENT
OF A BROWNFIELDS SITE.
(II) IN THE DEPARTMENT'S NOTICE OF AN APPLICANT'S
QUALIFICATION FOR FINANCIAL INCENTIVES UNDER SUBPARAGRAPH (I) OF THIS
PARAGRAPH, THE DEPARTMENT SHALL SPECIFY WHICH OF THE CRITERIA SET
FORTH IN PARAGRAPH (4) OF THIS SUBSECTION THE APPLICANT MET.
(3) THE DEPARTMENT SHALL DETERMINE THE ELIGIBILITY OF A SITE
AS A QUALIFIED BROWNFIELDS SITE BASED ON WHETHER:
(I) THE PROPERTY IS LOCATED IN A DENSELY POPULATED URBAN
CENTER AND IS SUBSTANTIALLY UNDERUTILIZED; OR
(II) THE PROPERTY IS AN EXISTING OR FORMER INDUSTRIAL OR
COMMERCIAL SITE THAT POSES A THREAT TO PUBLIC HEALTH OR THE
ENVIRONMENT.
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- 4688 -
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