bureau of underground storage tank regulations (bustr) revolving loan fund (rlf)

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

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Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF). 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) - PowerPoint PPT Presentation

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Page 1: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

Bureau of Underground Storage Tank Regulations (BUSTR)

Revolving Loan Fund (RLF)

Page 2: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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

Page 3: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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

Page 4: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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

Page 5: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

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

Page 6: Bureau of Underground Storage Tank Regulations (BUSTR) Revolving Loan Fund (RLF)

Questions?

Verne Ord, Assistant Chief, Ohio Department of CommerceDivision of State Fire Marshal

Bureau of Underground Storage Tank Regulations BUSTR614-752-7938

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