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RR Basics Ready for Reuse
Related Information Contaminated Lands Environmental Action Network (CLEAN) |
Wisconsin Ready for Reuse Loan and Grant ProgramThe Ready for Reuse Program has two different types of funding currently available.
Program BasicsThe Wisconsin Brownfields Coalition (WBC) has received $6 million in traditional EPA Revolving Loan Funds (RLF) since 2004, which DNR administers through the Ready for Reuse Program. The WBC also received $2 million in Recovery Act RLF funds in 2009. Ready for Reuse loans and grants are used for environmental cleanup of hazardous substances or petroleum at brownfields throughout Wisconsin. Program Successes
Debt Issuance for LoansOn Thursday, March 27, Governor Doyle signed Senate Bill 202/Assembly Bill 706 into law, which authorizes local governments to more easily issue debt for public brownfields projects. This law granted specific authority to local units of government, including cities, villages, towns, counties, metropolitan sewerage districts, and town sanitary districts, to issue municipal obligations in anticipation of receiving proceeds from brownfields revolving loan program loans or grants. Such obligations must be repaid within 10 years or, if refinanced once, within 15 years. The 15 year or less note does not count as municipal debt, per the new statute. The bill also specifies that local units of government may issue promissory notes, which must be repaid within 20 years, for public purposes related to the brownfields revolving loan program. Additional InformationProgram Fact Sheets
Other information
For more information about this program or this page, contact: Jessica Coda Last Revised: Friday October 30 2009
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