Steve Hoover of SGR notes the recent addition of funds to EPA loan program based on high demand.

by Phillip E. Hoover, Smith Gambrell & Russell LLP

The Small Business Liability Relief and Brownfields Revitalization Act authorizes the EPA to make additional funds available in any year based on the demand for the funding. Due to high demand, the EPA announced last Friday that it is offering an additional $5,000,000 to recipients of its Brownfield revolving loan fund agreements in fiscal year 2020. Federal Brownfield funding contributes to the redevelopment of the underuse properties that may be contaminated by providing loans for site investigation and cleanup.