Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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Presentation transcript:

Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

 Eligibility  Qualifying Political Subdivision  Must spend at least 5% of its own funds  Eligible Activities:  Closure of an underground storage tank (UST)  Located within territorial boundaries of qualifying political subdivision  Qualifying political subdivision is the property owner, but not the operator of the site

Revolving Loan Fund (RLF)  Eligible Activities:  Assessment of previously existing release  Located within territorial boundaries of qualifying political subdivision  Qualifying political subdivision is not the responsible party  The release incident has not received a no further action status  No responsible party or viable responsible party exists

Revolving Loan Fund (RLF)  Application Process  Application will be made available on the State Fire Marshal’s website  Utilizing Revolving Loan Fund Monies  Monies to be spent on activities conducted pursuant to OAC 1301: & 13

Revolving Loan Fund (RLF)  Loan Repayment  No interest  Repayment schedule per loan agreement  Repayment schedule shall not exceed ten years  Any unused awarded dollars must be returned

Questions? Past Present