Land Recycling Loan Program (LRLP)
Section 677 of 2009 Wisconsin Act 28 of the 2009-2011 budget transfers the remaining loan funds of the Land Recycling Loan Program (LRLP) to the Dry Cleaner Environmental Response Fund (DERF). Therefore, the LRLP will no longer be accepting applications for remediation of brownfield sites.
The LRLP State Fiscal Year 2009 Funding List
is published.
Wisconsin's Land Recycling Loan Program (LRLP) provides low cost loans to cities, villages, counties and towns for the purpose of remediating environmental contamination (brownfields) at landfills, sites or facilities where contamination has affected or threatens to affect groundwater or surface water. Redevelopment and housing authorities are also eligible.
Features of the program:
- current interest rate is 0% plus .5% servicing fee
- LRLP loan term is 20 years
- local government must secure LRLP loan with a general obligation pledge
- technical remediation criteria for all LRLP projects must adhere to DNR's 700 series administrative rules
- local government must submit the Notice of Intent To Apply postmarked by the Dec. 31 prior to fiscal year (July 1) that they anticipate funding
- DNR announces application deadlines semi-annually
- funding decisions are made according to priority ranking only if applications exceed available funds
- developer agreements must be reviewed by the Dept. of Administration prior to award of funds
- proceeds of land sale must be used to repay LRLP loan
Below is a reference guide that serves as a tool for our customers intending to apply for LRLP financial assistance. The reference guide provides information, listed alphabetically by topic, on the steps and regulations to be followed from the early stages of the loan process through the closeout stage.
If you have questions, contact your LRLP project manager or Maureen Hubeler.
For information regarding a grant program for preliminary brownfields activities,
such as site investigations, tank and container removal, demolition,
and asbestos abatement, see the Bureau for Remediation and Redevelopment's
Brownfield Site
Assessment Grant page.
See Remediation and Redevelopment's Main Page for more information on brownfield's.
Reference Guide for all Land Recycling Loan Program applicants.
| Please read our disclaimer about information provided in the EIF Reference Guide. | |
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accounting (see financial management)
acronyms and abbreviations
administrative codes (see statutes and codes)
advantages of financing your project with the EIF
A/E agreements (see engineering contracts)
amendments
application contents - land recycling loan program
authorized representative resolution
bids (see bids and construction contracts)
bond regulations (see IRS Private Activity Bond Regulations)
bond swap
Brownfields Site Assessment Grant Program
Top of page
change orders
closeouts
codes and statutes (see statutes and codes)
comfort resolution (see reimbursement resolution)
construction management
contracts (see engineering contracts)
cost eligibility (see eligibility)
credit review and project affordability
deadlines
debt types
declaration of intent to reimburse (see reimbursement resolution)
definitions
disbursements (see requests for disbursements)
eligibility index
engineering contracts
Top of page
FAA amendments (see amendments)
FAA (financial assistance agreement)
financial assistance agreement (FAA) and loan closing process
financial management
financing options
force account
forms and publications
ineligible costs (see eligibility)
interest rates
interim financing
IRS private activity bond regulations
ITA (intent to apply)
loan closing process
loan repayment
Top of page
MBE/WBE/SBRA
Agency Lists
Definitions
EPA's Fair Share Policy
Rural-Urban Continuum Code
Solicitation Guidance
minority business (see MBE/WBE/SBRA)
municipal statutes
notice of intent to apply
payment requests (see request for disbursement)
PERF
priority evaluation and ranking form
private activity
project eligibility
project managers
reimbursement resolution
repayment (see loan repayment)
request for disbursement
Top of page
small businesses in rural areas (see MBE/WBE/SBRA)
staff
statutes and codes
timeline for a typical project
Wisconsin statutes (see statutes and codes)
women owned business (see MBE/WBE/SBRA)
| This information is intended solely as guidance, and does not contain any mandatory
requirements except where requirements are found in statute or administrative rule.
This guidance does not establish or affect legal rights or obligations, and is
not finally determinative of any of the issues addressed. This guidance cannot
be relied upon and does not create any rights enforceable by any party in litigation
with the State of Wisconsin or the Department of Natural Resources. Any regulatory
decisions made by the Department of Natural Resources in any matter addressed by
this guidance will be made by applying the governing statutes and administrative
rules to the relevant facts. |
Last Revised: Friday August 21 2009
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