Marcellus Shale Impact Fee to Support Certain Projects for Governmental Entities, Councils of Government, Not-For-Profit Entities, For-Profit Businesses and Institutions of Higher Education

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Summary

The Commonwealth Financing Authority has begun accepting applications for five programs established by the Act 13 Marcellus Legacy Fund to support conservation projects and environmental protection measures.

On February 25, 2013, Governor Corbett announced that the Commonwealth Financing Authority ("CFA") has begun accepting applications for five programs established by the Act 13 Marcellus Legacy Fund to support conservation projects and environmental protection measures. The new CFA programs will provide $14 million in funding available for abandoned mine drainage abatement and treatment; watershed restoration and protection; water quality data; greenways, trails and recreation; and orphan and abandoned well plugging programs (the "Programs") in the Commonwealth of Pennsylvania. Eligible applicants include municipalities, councils of government, not-for-profit entities, for-profit businesses and institutions of higher education.

The Programs are administered jointly by the Department of Community and Economic Development, the Department of Conservation and Natural Resources ("DCNR") and the Department of Environmental Protection, under the direction of the CFA and DCNR. Applications are currently being accepted through July 31, 2013 for consideration at the Nov. 13, 2013 CFA meeting.

For more information on the Programs, please contact George T. Magnatta (215 972 7126, gmagnatta@saul.com), Chair of Saul Ewing's Public Finance Practice, or any other member of the Public Finance Practice.

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Topics:  Fracking, Impact Fees, Marcellus Shale, Mining, Watershed

Published In: Education Updates, Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates, Government Contracting Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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