Financial Assistance & Grants |
Prior Law |
New Changes |
Change |
Innovative Technology Grant |
Grant Eligible |
Eliminated. |
Eliminating Innovative Technology Grants |
Limited Restricted Use portion of the Limited Restricted/
Unrestricted Use Grant |
Grant Eligible |
Eliminated. |
Eliminating the Limited Restricted Use Grants |
Innocent Party Grants |
Grant Eligible |
Eliminated. |
Eliminating Innocent Party Grants |
Maximum loan to a person |
$1,000,000/Year |
$500,000/Year |
Reduction of $500,000. |
Recreation & Conservation Grants (Statewide Cap) |
$5,000,000/Year |
$2,500,000/Year |
Reduction of $2,500,000/year. |
Maximum in Grants/Loans to Public Entity |
$3,000,000/Year |
2,000,000/Year |
Reduction of $1,000,000. |
Maximum in Grants to Public Entity with BDAs |
Additional $2,000,000/Year |
Additional $1,000,000/Year |
Reduction of $1,000,000 |
Timeframe for Completion of Preliminary Assessment (PA) or Site Investigation (SI) |
No completion date specified. |
Completed within 2 years of financial assistance or grant award date. |
Specifies a time frame for the completion of the PA or SI. Award will be cancelled if the time is exceeded. |
Timeframe for Completion of a Remedial Investigation (RI). |
No completion date specified. |
Completion within 5-years of financial assistance or grant award date. |
Specifies a time frame for the completion of the RI. Award will be cancelled if the time is exceeded. |
Demonstrate Awards are or will be fully spent prior to supplemental awards being granted |
No prior requirement. |
Must demonstrate that the full amount of previous financial assistance spent or will be spent prior to seeking additional award for same property. |
Demonstrate all previous awards have been or will be fully expended before additional awards can be obtained for the same property. |
Prioritization |
- Imminent Threat
- Planning Areas 1&2
- Date Received
|
- Imminent Threat
- BDA
- Planning Areas 1&2
- Date Received
|
BDA sites inserted as 2nd Priority |
Prioritization |
Readiness to proceed not previously part of criteria for prioritization. |
Readiness to proceed is now a factor to be considered in prioritization |
Readiness to proceed becomes a factor in the prioritization of grants. |
Realistic Opportunity vs. Commitment |
Provide Resolution stating that there is a realistic opportunity to develop site within 3 years from completion of remediation |
EDA to develop criteria for government agencies to show a commitment to develop the property. |
Criteria to be developed to show Commitment to development of site upon completion of remediation. |
Funds dedicated to non-BDA PA/SI/RI Grants |
No specific allocation |
30% of Fund allocated to PA/SI/RI grants for sites not within a Brownfield Development Area (BDA) |
Allocation of 30% of Funding to non-BDA PA/SI/RI grants |
Tax Clearance Certificate |
Municipalities were not required to provide a Tax Clearance Certification |
Municipalities are required to provide a Tax Clearance Certification |
Change in EDA policy requiring Tax Clearance Certification (not a A1954 change) |
