(415 ILCS 5/58.15)
    Sec. 58.15. Brownfields Programs.
(A) Brownfields Redevelopment Loan Program.
    (a) The Agency shall establish and administer a revolving loan program to be known as the "Brownfields Redevelopment Loan Program" for the purpose of providing loans to be used for site investigation, site remediation, or both, at brownfields sites. All principal, interest, and penalty payments from loans made under this subsection (A) shall be deposited into the Brownfields Redevelopment Fund and reused in accordance with this Section.
    (b) General requirements for loans:
        (1) Loans shall be at or below market interest rates
    
in accordance with a formula set forth in regulations promulgated under subdivision (A)(c) of this subsection (A).
        (2) Loans shall be awarded subject to availability of
    
funding based on the order of receipt of applications satisfying all requirements as set forth in the regulations promulgated under subdivision (A)(c) of this subsection (A).
        (3) The maximum loan amount under this subsection (A)
    
for any one project is $1,000,000.
        (4) In addition to any requirements or conditions
    
placed on loans by regulation, loan agreements under the Brownfields Redevelopment Loan Program shall include the following requirements:
            (A) the loan recipient shall secure the loan
        
repayment obligation;
            (B) completion of the loan repayment shall not
        
exceed 15 years or as otherwise prescribed by Agency rule; and
            (C) loan agreements shall provide for a
        
confession of judgment by the loan recipient upon default.
        (5) Loans shall not be used to cover expenses
    
incurred prior to the approval of the loan application.
        (6) If the loan recipient fails to make timely
    
payments or otherwise fails to meet its obligations as provided in this subsection (A) or implementing regulations, the Agency is authorized to pursue the collection of the amounts past due, the outstanding loan balance, and the costs thereby incurred, either pursuant to the Illinois State Collection Act of 1986 or by any other means provided by law, including the taking of title, by foreclosure or otherwise, to any project or other property pledged, mortgaged, encumbered, or otherwise available as security or collateral.
    (c) The Agency shall have the authority to enter into any contracts or agreements that may be necessary to carry out its duties or responsibilities under this subsection (A). The Agency shall have the authority to promulgate regulations setting forth procedures and criteria for administering the Brownfields Redevelopment Loan Program. The regulations promulgated by the Agency for loans under this subsection (A) shall include, but need not be limited to, the following elements:
        (1) loan application requirements;
        (2) determination of credit worthiness of the loan
    
applicant;
        (3) types of security required for the loan;
        (4) types of collateral, as necessary, that can be
    
pledged for the loan;
        (5) special loan terms, as necessary, for securing
    
the repayment of the loan;
        (6) maximum loan amounts;
        (7) purposes for which loans are available;
        (8) application periods and content of applications;
        (9) procedures for Agency review of loan
    
applications, loan approvals or denials, and loan acceptance by the loan recipient;
        (10) procedures for establishing interest rates;
        (11) requirements applicable to disbursement of loans
    
to loan recipients;
        (12) requirements for securing loan repayment
    
obligations;
        (13) conditions or circumstances constituting default;
        (14) procedures for repayment of loans and delinquent
    
loans including, but not limited to, the initiation of principal and interest payments following loan acceptance;
        (15) loan recipient responsibilities for work
    
schedules, work plans, reports, and record keeping;
        (16) evaluation of loan recipient performance,
    
including auditing and access to sites and records;
        (17) requirements applicable to contracting and
    
subcontracting by the loan recipient, including procurement requirements;
        (18) penalties for noncompliance with loan
    
requirements and conditions, including stop-work orders, termination, and recovery of loan funds; and
        (19) indemnification of the State of Illinois and the
    
Agency by the loan recipient.
    (d) Moneys in the Brownfields Redevelopment Fund may be used as a source of revenue or security for the principal and interest on revenue or general obligation bonds issued by the State or any political subdivision or instrumentality thereof, if the proceeds of those bonds will be deposited into the Fund.
 
(B) Brownfields Site Restoration Program.
    (a) (1) The Agency, with the assistance of the Department
    
of Commerce and Economic Opportunity, must establish and administer a program for the payment of remediation costs to be known as the Brownfields Site Restoration Program. The Agency, through the Program, shall provide Remediation Applicants with financial assistance for the investigation and remediation of abandoned or underutilized properties. The investigation and remediation shall be performed in accordance with this Title XVII of this Act.
        (2) For each State fiscal year in which funds are
    
made available to the Agency for payment under this subsection (B), the Agency must, subject to the availability of funds, allocate 20% of the funds to be available to Remediation Applicants within counties with populations over 2,000,000. The remaining funds must be made available to all other Remediation Applicants in the State.
        (3) The Agency must not approve payment in excess of
    
$750,000 to a Remediation Applicant for remediation costs incurred at a remediation site. Eligibility must be determined based on a minimum capital investment in the redevelopment of the site, and payment amounts must not exceed the net economic benefit to the State of the remediation project. In addition to these limitations, the total payment to be made to an applicant must not exceed an amount equal to 20% of the capital investment at the site.
        (4) Only those remediation projects for which a No
    
Further Remediation Letter is issued by the Agency after December 31, 2001 are eligible to participate in the Brownfields Site Restoration Program. The program does not apply to any sites that have received a No Further Remediation Letter prior to December 31, 2001 or for costs incurred prior to the Department of Commerce and Economic Opportunity (formerly Department of Commerce and Community Affairs) approving a site eligible for the Brownfields Site Restoration Program.
        (5) Brownfields Site Restoration Program funds shall
    
be subject to availability of funding and distributed based on the order of receipt of applications satisfying all requirements as set forth in this Section.
    (b) Prior to applying to the Agency for payment, a Remediation Applicant shall first submit to the Agency its proposed remediation costs. The Agency shall make a pre-application assessment, which is not to be binding upon the Department of Commerce and Economic Opportunity or upon future review of the project, relating only to whether the Agency has adequate funding to reimburse the applicant for the remediation costs if the applicant is found to be eligible for reimbursement of remediation costs. If the Agency determines that it is likely to have adequate funding to reimburse the applicant for remediation costs, the Remediation Applicant may then submit to the Department of Commerce and Economic Opportunity an application for review of eligibility. The Department must review the eligibility application to determine whether the Remediation Applicant is eligible for the payment. The application must be on forms prescribed and provided by the Department of Commerce and Economic Opportunity. At a minimum, the application must include the following:
        (1) Information identifying the Remediation Applicant
    
and the site for which the payment is being sought and the date of acceptance into the Site Remediation Program.
        (2) Information demonstrating that the site for which
    
the payment is being sought is abandoned or underutilized property. "Abandoned property" means real property previously used for, or that has the potential to be used for, commercial or industrial purposes that reverted to the ownership of the State, a county or municipal government, or an agency thereof, through donation, purchase, tax delinquency, foreclosure, default, or settlement, including conveyance by deed in lieu of foreclosure; or privately owned property that has been vacant for a period of not less than 3 years from the time an application is made to the Department of Commerce and Economic Opportunity. "Underutilized property" means real property of which less than 35% of the commercially usable space of the property and improvements thereon are used for their most commercially profitable and economically productive uses.
        (3) Information demonstrating that remediation of the
    
site for which the payment is being sought will result in a net economic benefit to the State of Illinois. The "net economic benefit" must be determined based on factors including, but not limited to, the capital investment, the number of jobs created, the number of jobs retained if it is demonstrated the jobs would otherwise be lost, capital improvements, the number of construction-related jobs, increased sales, material purchases, other increases in service and operational expenditures, and other factors established by the Department of Commerce and Economic Opportunity. Priority must be given to sites located in areas with high levels of poverty, where the unemployment rate exceeds the State average, where an enterprise zone exists, or where the area is otherwise economically depressed as determined by the Department of Commerce and Economic Opportunity.
        (4) An application fee in the amount set forth in
    
subdivision (B)(c) for each site for which review of an application is being sought.
    (c) The fee for eligibility reviews conducted by the Department of Commerce and Economic Opportunity under this subsection (B) is $1,000 for each site reviewed. The application fee must be made payable to the Department of Commerce and Economic Opportunity for deposit into the Workforce, Technology, and Economic Development Fund. These application fees shall be used by the Department for administrative expenses incurred under this subsection (B).
    (d) Within 60 days after receipt by the Department of Commerce and Economic Opportunity of an application meeting the requirements of subdivision (B)(b), the Department of Commerce and Economic Opportunity must issue a letter to the applicant approving the application, approving the application with modifications, or disapproving the application. If the application is approved or approved with modifications, the Department of Commerce and Economic Opportunity's letter must also include its determination of the "net economic benefit" of the remediation project and the maximum amount of the payment to be made available to the applicant for remediation costs. The payment by the Agency under this subsection (B) must not exceed the "net economic benefit" of the remediation project, as determined by the Department of Commerce and Economic Opportunity.
    (e) An application for a review of remediation costs must not be submitted to the Agency unless the Department of Commerce and Economic Opportunity has determined the Remediation Applicant is eligible under subdivision (B)(d). If the Department of Commerce and Economic Opportunity has determined that a Remediation Applicant is eligible under subdivision (B)(d), the Remediation Applicant may submit an application for payment to the Agency under this subsection (B). Except as provided in subdivision (B)(f), an application for review of remediation costs must not be submitted until a No Further Remediation Letter has been issued by the Agency and recorded in the chain of title for the site in accordance with Section 58.10. The Agency must review the application to determine whether the costs submitted are remediation costs and whether the costs incurred are reasonable. The application must be on forms prescribed and provided by the Agency. At a minimum, the application must include the following:
        (1) Information identifying the Remediation Applicant
    
and the site for which the payment is being sought and the date of acceptance of the site into the Site Remediation Program.
        (2) A copy of the No Further Remediation Letter with
    
official verification that the letter has been recorded in the chain of title for the site and a demonstration that the site for which the application is submitted is the same site as the one for which the No Further Remediation Letter is issued.
        (3) A demonstration that the release of the regulated
    
substances of concern for which the No Further Remediation Letter was issued was not caused or contributed to in any material respect by the Remediation Applicant. The Agency must make determinations as to reimbursement availability consistent with rules adopted by the Pollution Control Board for the administration and enforcement of Section 58.9 of this Act.
        (4) A copy of the Department of Commerce and Economic
    
Opportunity's letter approving eligibility, including the net economic benefit of the remediation project.
        (5) An itemization and documentation, including
    
receipts, of the remediation costs incurred.
        (6) A demonstration that the costs incurred are
    
remediation costs as defined in this Act and rules adopted under this Act.
        (7) A demonstration that the costs submitted for
    
review were incurred by the Remediation Applicant who received the No Further Remediation Letter.
        (8) An application fee in the amount set forth in
    
subdivision (B)(j) for each site for which review of remediation costs is requested.
        (9) Any other information deemed appropriate by the
    
Agency.
    (f) An application for review of remediation costs may be submitted to the Agency prior to the issuance of a No Further Remediation Letter if the Remediation Applicant has a Remedial Action Plan approved by the Agency under the terms of which the Remediation Applicant will remediate groundwater for more than one year. The Agency must review the application to determine whether the costs submitted are remediation costs and whether the costs incurred are reasonable. The application must be on forms prescribed and provided by the Agency. At a minimum, the application must include the following:
        (1) Information identifying the Remediation Applicant
    
and the site for which the payment is being sought and the date of acceptance of the site into the Site Remediation Program.
        (2) A copy of the Agency letter approving the
    
Remedial Action Plan.
        (3) A demonstration that the release of the regulated
    
substances of concern for which the Remedial Action Plan was approved was not caused or contributed to in any material respect by the Remediation Applicant. The Agency must make determinations as to reimbursement availability consistent with rules adopted by the Pollution Control Board for the administration and enforcement of Section 58.9 of this Act.
        (4) A copy of the Department of Commerce and Economic
    
Opportunity's letter approving eligibility, including the net economic benefit of the remediation project.
        (5) An itemization and documentation, including
    
receipts, of the remediation costs incurred.
        (6) A demonstration that the costs incurred are
    
remediation costs as defined in this Act and rules adopted under this Act.
        (7) A demonstration that the costs submitted for
    
review were incurred by the Remediation Applicant who received approval of the Remediation Action Plan.
        (8) An application fee in the amount set forth in
    
subdivision (B)(j) for each site for which review of remediation costs is requested.
        (9) Any other information deemed appropriate by the
    
Agency.
    (g) For a Remediation Applicant seeking a payment under subdivision (B)(f), until the Agency issues a No Further Remediation Letter for the site, no more than 75% of the allowed payment may be claimed by the Remediation Applicant. The remaining 25% may be claimed following the issuance by the Agency of a No Further Remediation Letter for the site. For a Remediation Applicant seeking a payment under subdivision (B)(e), until the Agency issues a No Further Remediation Letter for the site, no payment may be claimed by the Remediation Applicant.
    (h) (1) Within 60 days after receipt by the Agency of an
    
application meeting the requirements of subdivision (B)(e) or (B)(f), the Agency must issue a letter to the applicant approving, disapproving, or modifying the remediation costs submitted in the application. If an application is disapproved or approved with modification of remediation costs, then the Agency's letter must set forth the reasons for the disapproval or modification.
        (2) If a preliminary review of a budget plan has been
    
obtained under subdivision (B)(i), the Remediation Applicant may submit, with the application and supporting documentation under subdivision (B)(e) or (B)(f), a copy of the Agency's final determination accompanied by a certification that the actual remediation costs incurred for the development and implementation of the Remedial Action Plan are equal to or less than the costs approved in the Agency's final determination on the budget plan. The certification must be signed by the Remediation Applicant and notarized. Based on that submission, the Agency is not required to conduct further review of the costs incurred for development and implementation of the Remedial Action Plan and may approve costs as submitted.
        (3) Within 35 days after receipt of an Agency letter
    
disapproving or modifying an application for approval of remediation costs, the Remediation Applicant may appeal the Agency's decision to the Board in the manner provided for the review of permits in Section 40 of this Act.
    (i) (1) A Remediation Applicant may obtain a preliminary
    
review of estimated remediation costs for the development and implementation of the Remedial Action Plan by submitting a budget plan along with the Remedial Action Plan. The budget plan must be set forth on forms prescribed and provided by the Agency and must include, but is not limited to, line item estimates of the costs associated with each line item (such as personnel, equipment, and materials) that the Remediation Applicant anticipates will be incurred for the development and implementation of the Remedial Action Plan. The Agency must review the budget plan along with the Remedial Action Plan to determine whether the estimated costs submitted are remediation costs and whether the costs estimated for the activities are reasonable.
        (2) If the Remedial Action Plan is amended by the
    
Remediation Applicant or as a result of Agency action, the corresponding budget plan must be revised accordingly and resubmitted for Agency review.
        (3) The budget plan must be accompanied by the
    
applicable fee as set forth in subdivision (B)(j).
        (4) Submittal of a budget plan must be deemed an
    
automatic 60-day waiver of the Remedial Action Plan review deadlines set forth in this subsection (B) and rules adopted under this subsection (B).
        (5) Within the applicable period of review, the
    
Agency must issue a letter to the Remediation Applicant approving, disapproving, or modifying the estimated remediation costs submitted in the budget plan. If a budget plan is disapproved or approved with modification of estimated remediation costs, the Agency's letter must set forth the reasons for the disapproval or modification.
        (6) Within 35 days after receipt of an Agency letter
    
disapproving or modifying a budget plan, the Remediation Applicant may appeal the Agency's decision to the Board in the manner provided for the review of permits in Section 40 of this Act.
    (j) The fees for reviews conducted by the Agency under this subsection (B) are in addition to any other fees or payments for Agency services rendered pursuant to the Site Remediation Program and are as follows:
        (1) The fee for an application for review of
    
remediation costs is $1,000 for each site reviewed.
        (2) The fee for the review of the budget plan
    
submitted under subdivision (B)(i) is $500 for each site reviewed.
    The application fee and the fee for the review of the budget plan must be made payable to the State of Illinois, for deposit into the Brownfields Redevelopment Fund.
    (k) Moneys in the Brownfields Redevelopment Fund may be used for the purposes of this Section, including payment for the costs of administering this subsection (B). Any moneys remaining in the Brownfields Site Restoration Program Fund on the effective date of this amendatory Act of the 92nd General Assembly shall be transferred to the Brownfields Redevelopment Fund. Total payments made to all Remediation Applicants by the Agency for purposes of this subsection (B) must not exceed $1,000,000 in State fiscal year 2002.
    (l) The Department and the Agency are authorized to enter into any contracts or agreements that may be necessary to carry out their duties and responsibilities under this subsection (B).
    (m) Within 6 months after the effective date of this amendatory Act of 2002, the Department of Commerce and Community Affairs (now Department of Commerce and Economic Opportunity) and the Agency must propose rules prescribing procedures and standards for the administration of this subsection (B). Within 9 months after receipt of the proposed rules, the Board shall adopt on second notice, pursuant to Sections 27 and 28 of this Act and the Illinois Administrative Procedure Act, rules that are consistent with this subsection (B). Prior to the effective date of rules adopted under this subsection (B), the Department of Commerce and Community Affairs (now Department of Commerce and Economic Opportunity) and the Agency may conduct reviews of applications under this subsection (B) and the Agency is further authorized to distribute guidance documents on costs that are eligible or ineligible as remediation costs.
(Source: P.A. 97-333, eff. 8-12-11.)