To be eligible for financial assistance under the program, a recipient must demonstrate each of the following:
Recipients may be eligible for direct loans of not more than the recipient establishes it has paid or agreed to pay for the institutional controls, Remedial Study, past cost settlement, remedial design, technical impracticability study, oversight costs, remedial action costs, de minimis settlement, and time-critical removal action costs, but not including any attorneys' fees related thereto, except attorneys' 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 institutional controls, in accordance with the following criteria:
In the event the aggregate amount of direct loans sought by eligible recipients exceeds the amount of funds available for such loans, the amount of a recipient's direct loan shall be limited to its pro-rata share of available funds, based upon the percentage that said recipient's liability for the remedial design, technical impracticability study, institutional controls, remedial study, past cost settlement, oversight costs, remedial action costs, de minimis settlement, and time-critical removal action costs represents of the total of all recipients' liability for the remedial design, technical impracticability study, institutional controls, remedial study, past cost settlement, oversight costs, remedial action costs, de minimis settlement, and time-critical removal action costs, as determined by the Chief Executive Officer.
94- 457 C.M.R. ch. 318, § 4