bureau of underground storage tank regulations (bustr) revolving loan fund (rlf)
DESCRIPTION
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 PresentationTRANSCRIPT
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
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 1301:7-9-12 & 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?
Verne Ord, Assistant Chief, Ohio Department of CommerceDivision of State Fire Marshal
Bureau of Underground Storage Tank Regulations BUSTR614-752-7938
Past Present