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ID H0057
Bill
Status
1/29/2015
Primary Sponsor
Environment, Energy and Technology Committee
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AI Summary
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Repeals Section 4, Chapter 308, Laws of 2006 to remove an earlier contingent sunset date on the Idaho Community Reinvestment Pilot Initiative.
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Makes moneys in the Idaho Community Reinvestment Pilot Initiative Fund perpetually appropriated to the Department of Environmental Quality Director until all funds are expended or 15 eligible property owners have been reimbursed.
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Increases the maximum number of projects participating in the initiative from 10 to 15 projects, with a maximum financial assistance of $150,000 per project (70% of qualifying remediation costs).
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Requires the Department to establish annual priority lists of the 15 highest priority projects based on weighted criteria including project location in cities under 20,000 residents, economic benefit, contamination issues, and health risks.
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Authorizes the Department to negotiate lower financial assistance amounts with subsequent property owners after 10 voluntary remediation agreements are entered to avoid exceeding remaining fund balance.
Legislative Description
Repeals and amends existing law to remove a contingent sunset date; to authorize the Department of Environmental Quality to negotiate lower financial assistance amounts with certain property owners when specified conditions are met, to revise authorized maximum overall financial assistance provisions, to revise the number of projects that may participate in the initiative, to provide for an annual project priority list; and to provide a contingent sunset date.
COMMUNITY REINVESTMENT PILOT INITIATIVE
Last Action
Reported Printed and Referred to Environment, Energy, & Technology
1/30/2015