summary
Introduced
02/04/2026
02/04/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Environmental Protection Act. Provides that, beginning July 1, 2026, and each July 1 thereafter, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $5,000,000 from the Underground Storage Tank Fund to the Brownfields Redevelopment Fund. Provides that, among other things, moneys in the Brownfields Redevelopment Fund may be used for the issuance of grants or providing additional subsidization. Removes provisions limiting the size of grants to municipalities issued under the Municipal Brownfields Redevelopment Grant Program.
AI Summary
This bill amends the Environmental Protection Act to establish a recurring annual transfer of funds from the Underground Storage Tank Fund to the Brownfields Redevelopment Fund, beginning July 1, 2026, and continuing each year thereafter, with $5,000,000 being moved from the former to the latter. The Brownfields Redevelopment Fund, which supports the cleanup and redevelopment of contaminated properties, will now be able to use these funds for issuing grants or providing additional financial assistance, and importantly, removes previous limitations on the maximum size of grants that can be awarded to municipalities under the Municipal Brownfields Redevelopment Grant Program.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/06/2026)
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