,,ii  #aad? ,,congress  #a/ ,session    
,s4 #agjj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #be1 #bjae,ms4   
,murk[ski introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,environm5t & ,public ,works  ,a ,,bill 
,to require ! ,secret>y ( ! ,army1 act+ 
?r\gh ! ,*ief ( ,eng9e]s1 to e/abli% a  
program to provide loans & loan         
gu>antees to enable eligible public     
entities to pur*ase cr$its f mitigation 
banks or 9-lieu fee programs or acquire 
int]e/s 9 real prop]ty t are acquir$    
pursuant to mitigation projects requir$ 
"u c]ta9 ,f$]al ,wat] ,pollution        
,control ,act p]mits1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,mitigation ,facilitation ,act (      
#bjae4  #b4 ,mitigation loan & loan     
gu>antee program  7a7 ,def9itions ,9 ?is
 section3  7#a7 ,eligible public entity 
,! t]m eligible public entity means a   
political subdivision ( a ,/ate1        
includ+--  7,a7 a duly e/abli%$ t[n1    
t[n%ip1 or c\nty2  7,b7 an entity       

e/abli%$ = ! purpose ( regional         
gov]nance2  7,c7 a special purpose      
entity2 &  7,d7 a jo9t p[]s au?ority1 or
 o!r entity c]tifi$ by ! ,gov]nor ( a   
,/ate1 to h au?ority to implem5t a      
mitigation project requir$ by !         
,secret>y "u a p]mit requir$ by section 
#djd ( ! ,f$]al ,wat] ,pollution        
,control ,act 7#cc ,u4,s4,c4 #acdd74    
7#b7 ,program ,! t]m program means !    
mitigation loan & loan gu>antee program 
e/abli%$ by ! ,secret>y "u subsection   
7b77#a74  7#c7 ,secret>y ,! t]m         
,secret>y means ! ,secret>y ( ! ,army1  
act+ ?r\gh ! ,*ief ( ,eng9e]s4  7b7     
,loan & loan gu>antee program  7#a7     
,e/abli%m5t ,z soon z practicable aft] !
 date ( enactm5t ( ?is ,act1 ! ,secret>y
 %all e/abli% a program to provide loans
 & loan gu>antees to eligible public    
entities to enable ! eligible public    
entities--  7,a7 to pur*ase cr$its f    
mitigation banks or 9-lieu fee programs2
 or  7,b7 to acquire int]e/s 9 real     
prop]ty t are acquir$ pursuant to a     

mitigation project requir$ by !         
,secret>y "u a p]mit requir$ by section 
#djd ( ! ,f$]al ,wat] ,pollution        
,control ,act 7#cc ,u4,s4,c4 #acdd74    
7#b7 ,application2 approval process     
7,a7 ,application  7i7 ,9 g5]al ,to be  
eligible to receive a loan or loan      
gu>antee "u ! program1 an eligible      
public entity %all submit to ! ,secret>y
 an application at su* "t1 9 su* =m &   
mann]1 & includ+ su* in=mation z !      
,secret>y may require4  7ii7            
,solicitation ( applications ,on a roll+
 basis1 ! ,secret>y %all accept f       
eligible public entities applications = 
loans & loan gu>antees 9 accordance )   
?is section4  7,b7 ,approval by         
,secret>y  7i7 ,9 g5]al ,n lat] ?an #abj
 days aft] receipt ( an application "u  
subp>agraph 7,a71 ! ,secret>y %all      
approve or disapprove ! application4    
7ii7 ,factors ,9 approv+ or disapprov+  
an application ( an eligible public     
entity "u clause 7i71 ! ,secret>y may   
consid]--  7,i7 :e!r ! f9ancial plan ( !

 eligible public entity = use ( ! loan  
or loan gu>antee is 9 compliance ) any  
requirem5ts set =? 9 ! applicable p]mit2
  7,,ii7 :e!r ! eligible public entity  
has ! ability to repay a loan or meet ! 
t]ms ( a loan gu>antee "u ! program2 &  
7,,iii7 any o!r factor t ! ,secret>y    
det]m9es to be appropriate4  7,c7       
,adm9i/ration ( loans & loan gu>antees  
,z soon z practicable aft] ! date on :i*
 ! ,secret>y approves an application "u 
subp>agraph 7,b71 ! ,secret>y %all--    
7i7 e/abli% ! loan or loan gu>antee )   
respect to ! eligible public entity t is
 ! subject ( ! application 7includ+ su* 
t]ms & conditions z ! ,secret>y may     
prescribe72 &  7ii7 c>ry out !          
adm9i/ration ( ! loan or loan gu>antee4 
7c7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ to !     
,secret>y to c>ry out ?is section su*   
sums z are necess>y4  7d7 ,t]m9ation (  
au?ority ,! au?ority "u ?is section %all
 t]m9ate on ! date t is #aj ye>s aft] ! 
date ( enactm5t ( ?is ,act4