A bill to establish a loan program to assist industry and businesses in areas of substantial unemployment to meet pollution control requirements.
Pollution Control Facility Loan Act - Authorizes the Secretary of Labor to make loans to finance projects within eligible areas for acquisition, construction, rehabilitation, alteration, expansion, or improvement of a certified pollution control facility.
States that such loans shall not exceed 65 percent of the aggregate cost to the applicant of the project.
Establishes a revolving fund in the Treasury for making such loans. Authorizes an appropriation of $750,000,000 to carry out this Act.
Referred to House Committee on Banking and Currency.
Introduced in House
Introduced in House
Referred to House Committee on Banking and Currency.
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