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<section article="gec" article_name="Economic Development" number="5-337" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="3" subtitle_name="Maryland Economic Development Assistance Authority and Fund">
  <level label="a">
    <text>Notwithstanding any other provision of law, the Department may provide to a person, including a responsible person, a low-interest loan or grant to conduct the environmental site assessment of a potential brownfields site that is required to participate in the Voluntary Cleanup Program under Title 7, Subtitle 5 of the Environment Article, if the person:</text>
    <level label="1">
      <text>has not already applied to participate in the Program;</text>
    </level>
    <level label="2">
      <text>is otherwise eligible to participate in the Program; and</text>
    </level>
    <level label="3">
      <text>meets the eligibility requirements that the Department sets.</text>
    </level>
  </level>
  <level label="b">
    <text>The information contained in an environmental site assessment is:</text>
    <level label="1">
      <text>the property of the State, if the assessment is financed wholly or partly by:</text>
      <level label="i">
        <text>a grant from the Department; or</text>
      </level>
      <level label="ii">
        <text>a loan that is in payment default; or</text>
      </level>
    </level>
    <level label="2">
      <text>the property of the person who contracted for the assessment, if the assessment is financed by:</text>
      <level label="i">
        <text>a loan from the Department; or</text>
      </level>
      <level label="ii">
        <text>a grant that is repaid.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>Eligibility for a loan or grant for an environmental site assessment under this section does not constitute eligibility for:</text>
    <level label="1">
      <text>any other financial assistance under this subtitle; or</text>
    </level>
    <level label="2">
      <text>the tax credits provided under § 9-229 of the Tax - Property Article.</text>
    </level>
  </level>
  <level label="d">
    <text>The recipient of a grant under this section shall repay the grant if, within 12 months after receiving the grant, the recipient does not receive approval from the Department of the Environment to:</text>
    <level label="1">
      <text>participate in the Voluntary Cleanup Program; or</text>
    </level>
    <level label="2">
      <text>implement a corrective action plan under Title 4 of the Environment Article.</text>
    </level>
  </level>
  <level label="e">
    <text>A low-interest loan provided under this section shall convert to a market rate loan if, within 12 months after receiving the loan, the recipient does not receive approval from the Department of the Environment to:</text>
    <level label="1">
      <text>participate in the Voluntary Cleanup Program; or</text>
    </level>
    <level label="2">
      <text>implement a corrective action plan under Title 4 of the Environment Article.</text>
    </level>
  </level>
  <level label="f">
    <text>The Department may establish procedures and eligibility requirements for the approval of requests for loans and grants under this section.</text>
  </level>
</section>
