La. Admin. Code tit. 33 § VI-1105

Current through Register Vol. 50, No. 11, November 20, 2024
Section VI-1105 - Definitions

Applicant- any entity that submits an application for a loan in accordance with these regulations.

Bonds- bonds, notes, renewal notes, certificates of indebtedness, refunding bonds, interim certificates, debentures, warrants, commercial paper, or other obligations or evidences of indebtedness authorized to be issued by the department.

Brownfields Site- real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Such property may also be referred to as a brownfield or as brownfields property.

Department-the Department of Environmental Quality.

Eligible Costs-those project costs that are reasonable, necessary, and allocable to the project, permitted by appropriate federal and state cost principles and approved in the loan agreement, and that are not prohibited by federal or state regulations or guidance.

Fund-the Brownfields Cleanup Revolving Loan Fund.

In-Kind Contributions-non-cash third-party contributions made directly to a federally assisted project or program, including donated time and effort, real and nonexpendable personal property, and goods and services that meet the requirements of applicable federal guidance.

Loan-a loan of money from the Brownfields Cleanup Revolving Loan Fund.

Nonprofit Organization-any corporation, trust, association, cooperative, or other organization that is operated primarily for scientific, educational, service, charitable, or similar purposes in the public interest; is not organized principally for profit; and uses net proceeds to maintain, improve, or expand the operation of the organization.

Responsible Person-a responsible person as defined in R.S. 30:2285.2.

La. Admin. Code tit. 33, § VI-1105

Promulgated by the Department of Environmental Quality, Office of the Secretary, Legal Affairs Division, LR 31:2217 (September 2005).
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:2001 et seq., and in particular R.S. 30:2551-2552.