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Published byBetty Wilcox Modified over 9 years ago
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Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)
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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
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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
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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 1301:7-9-12 & 13
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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
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Questions? http://www.com.ohio.gov/documents/fire_bustrrevolvingloan.pdf Past Present
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