42 U.S.C. § 16376 — State and local permits
submitted 5 years ago by Pub. L. 109-58 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 90 words · no verdicts yet
Getting CIFIA help doesn't excuse a project from state or local permit rules. It doesn't limit a state or local government's power to regulate investors' profits. It also doesn't override any other state or local law.
Getting a federal credit instrument* or grant under the CIFIA program* for a project* does not:
- Relieve the recipient of the project's obligation to get any state* or local permit or approval the project still needs.
- Limit any state or local government's right to approve or regulate the rate of return that private investors earn on money invested in the project.
- Otherwise override any state or local law (including any regulation) that applies to building or running the project.
The provision of credit assistance under the CIFIA program* with respect to a project* shall not—
relieve any recipient of the assistance of any project obligation* to obtain any required State* or local permit or approval with respect to the project;
limit the right of any unit of State or local government to approve or regulate any rate of return on private equity invested in the project; or
otherwise supersede any State or local law (including any regulation) applicable to the construction or operation of the project.
Source credit: (Pub. L. 109–58, title IX, § 999F, as added Pub. L. 117–58, div. D, title III, § 40304(a), Nov. 15, 2021, 135 Stat. 999.)
- 2021Enacted · Pub. L. 109-58 · 135 Stat. 999
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-58 on 2021-11-15.
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