How will Bond Act funds be allocated?
The Bond Act will provide grants for reimbursement of up to 90% of the eligible on-site costs and 100% of the eligible off-site costs for the investigation or cleanup of a brownfields site. While most cleanup costs will be reimbursed at the full percentage of the eligible costs, indoor asbestos abatement and demolition of structures will usually be reimbursed at 50% unless that material must be disposed in a RCRA “C” landfill.
