Sec. 6. Habitat Conservation Planning Loan Program
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Section 10(a) ( 16 U.S.C. 1539(a) ) is amended by adding at the end the following: There is established a Habitat Conservation Planning Loan Program (referred to in this paragraph as the Program ) under which the Secretary may make no-interest loans to assist in the development of a conservation plan under this section. Any State, county, municipality, or other political subdivision of a State shall be eligible to receive a loan under the Program. The amount of any loan may not exceed the total financial contribution of the other parties participating in the development of the plan.
In determining whether to make a loan, the Secretary shall consider— the number of species covered by the plan; the extent to which there is a commitment to participate in the planning process from a diversity of interests (including local governmental, business, environmental, and property owner interests); the likely benefits of the plan; and such other factors as the Secretary considers appropriate. Except as provided in clauses
(ii)and (iii), a loan made under this paragraph shall be for a term of ten years. If no conservation plan is developed within three years after the date of the loan, the loan shall be for a term of four years. If no permit is issued under paragraph (1)(B) with respect to the conservation plan within four years after the date of the loan, the loan shall be for a term of five years. The Secretary shall delay the beginning of the term of a loan as necessary to allow the borrower to obtain any permit under section 10 that is necessary to carry out activities to be conducted with the loan. .
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Sec. 6
Habitat Conservation Planning Loan Program
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