Current with changes from the 2024 Legislative Session
Section 5-337 - Financial assistance for environmental site assessments(a) Notwithstanding any other provision of law, the Department may provide to a person, including a responsible person, a low-interest loan or grant to conduct the environmental site assessment of a potential brownfields site that is required to participate in the Voluntary Cleanup Program under Title 7, Subtitle 5 of the Environment Article, if the person:(1) has not already applied to participate in the Program;(2) is otherwise eligible to participate in the Program; and(3) meets the eligibility requirements that the Department sets.(b) The information contained in an environmental site assessment is: (1) the property of the State, if the assessment is financed wholly or partly by: (i) a grant from the Department; or(ii) a loan that is in payment default; or(2) the property of the person who contracted for the assessment, if the assessment is financed by: (i) a loan from the Department; or(ii) a grant that is repaid.(c) Eligibility for a loan or grant for an environmental site assessment under this section does not constitute eligibility for:(1) any other financial assistance under this subtitle; or(2) the tax credits provided under § 9-229 of the Tax - Property Article.(d) The recipient of a grant under this section shall repay the grant if, within 12 months after receiving the grant, the recipient does not receive approval from the Department of the Environment to:(1) participate in the Voluntary Cleanup Program; or(2) implement a corrective action plan under Title 4 of the Environment Article.(e) A low-interest loan provided under this section shall convert to a market rate loan if, within 12 months after receiving the loan, the recipient does not receive approval from the Department of the Environment to:(1) participate in the Voluntary Cleanup Program; or(2) implement a corrective action plan under Title 4 of the Environment Article.(f) The Department may establish procedures and eligibility requirements for the approval of requests for loans and grants under this section.