DEPARTMENT OF ENVIRONMENTAL QUALITY
OFFICE OF ENVIRONMENTAL ASSISTANCE
SMALL BUSINESS POLLUTION PREVENTION ASSISTANCE LOAN FUND
(By authority conferred on the director of the department of environmental quality by
section 14514 of 1994 PA 451, MCL 324.14514, Executive Reorganization Order No.
1995-16, MCL 324.99903, Executive Reorganization Order No. 2009-31, MCL
324.99919, and Executive Reorganization Order No. 2011-1, MCL 324.99921.)
R 324.14501 Definitions.
Rule 1. As used in these rules:
(a) "Applicant" means a business that applies for a small business pollution prevention
loan.
(b) "Department" means the department of environmental quality.
(c) "Director" means the director of the department or his or her designated representative.
(d) "Eligible pollution prevention project" means a pollution prevention project that meets
the criteria in these rules.
(e) "Energy usage" means the use of nonrenewable resources to support business
operations, including electricity, water, and natural gas.
(f) "Fixed asset" means a permanent asset that is not consumed or converted into cash or
its equivalent during a 12-month period.
(g) "Fund," as defined in part 145 of 1994 PA 451, MCL 324.14513 et seq., means the
small business pollution prevention assistance revolving loan fund.
(h) "Lender agreement" means a binding agreement between a lending institution and the
department that sets forth the terms and conditions for a lending institution to make loans
and otherwise participate in the small business pollution prevention loan program.
(i) "Lending institution" means a bank, out-of-state bank, or national bank, foreign bank
branch, association, savings bank, or credit union organized under the laws of this state,
another state, the District of Columbia, the United States, or a territory or protectorate of
the United States that has entered into a lender agreement with the department.
(j) "Loan agreement" means a written contract or agreement between a lending institution
and a loan recipient that describes the terms of the small business pollution prevention loan.
(k) "Loan recipient" means a small business that has been approved for and issued a small
business pollution prevention loan.
(l) "RETAP audit" means a pollution prevention assessment conducted by engineers,
scientists, and other qualified professionals participating in the retired engineer technical
assistance program established under part 145 of 1994 PA 451, MCL 324.14501 et seq.
(m) "Small business pollution prevention loan" means a low-interest loan to a small
business to finance an eligible pollution prevention project as provided for under these
rules and part 145 of 1994 PA 451, MCL 324.14513 et seq.
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