Ill. Admin. Code tit. 35, § 886.505 – Limitations on Loan Amounts | Midpage
§ 886.505
Ill. Admin. Code tit. 35, § 886.505
Limitations on Loan Amounts
AUTHORITY: Implementing and authorized by Section 58.15 of the Environmental Protection Act [415 ILCS 5/58.15].ENVIRONMENTAL PROTECTION AGENCY
a) The maximum loan amount for site investigation activities shall not exceed $120,000 per site.
b) The maximum loan amount for any single application submitted pursuant to Section 886.215 (Applications for Brownfields Redevelopment Loans) of this Part shall be limited to $500,000.
c) The maximum loan amount for any single project shall be $1,000,000. (Section 58.15(b)(3) of the Act)