Okla. Admin. Code § 252:221-7-3

Current through Vol. 41, No. 19, June 17, 2024

Section 252:221-7-3 - Borrower eligibility

(a) Private entities, political subdivisions or units of local government, including municipal and county governments and school districts, non-profit borrowers, and federally recognized Indian tribes are eligible for low interest loans.

(b) Political subdivisions or units of local government, including municipal and county governments and school districts, non-profit borrowers, and federally recognized Indian tribes are eligible for subgrants.

(c) An owner/operator (o/o) who was the generator or transporter of contamination at the site is not eligible for a RLF loan/grant for that same site.

(d) An owner who does not qualify as an innocent landowner, contiguous property owner, or bona fide prospective purchaser is not eligible for an RLF loan unless they are a public entity that is exempt under CERCLA § 104(k)(2)(C) [42 U.S.C. § 9604(k)(2)(C)] .

(e) A State or local government entity may borrow RLF funds to clean up property for which ownership or control through seizure or otherwise in connection with law enforcement activity, or through bankruptcy, tax delinquency, abandonment, or other circumstances in which the government acquires title by virtue of its function as a sovereign CERCLA § 101(20)(D) [42 U.S.C. § 9601(20)(D)] .

Okla. Admin. Code § 252:221-7-3

Added at 28 Ok Reg 89, eff 9-17-10 (emergency); Added at 28 Ok Reg 649, eff 7-1-11

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/15/2022