New York A02055 establishes a fund to assist small businesses in pollution prevention and compliance with environmental laws.
New York A02055 creates the Small Business Environmental Fund to provide financial assistance to small businesses for pollution prevention and compliance with federal and state environmental laws. The fund will offer credit enhancements to encourage financial institutions to make loans to small businesses for pollution control equipment and compliance activities. The fund will be managed by the New York State Urban Development Corporation, which will also establish procedures for small businesses to apply for assistance.
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