Enterprise Zone Environmental Restoration Act of 1993

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Enterprise Zone Environmental 
Restoration Act of 1993''.

SEC. 2. DEFINITIONS.

    As used in this Act:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of the Environmental Protection Agency.
            (2) Impacted site.--The term ``impacted site'' means--
                    (A) an area that has been designated as an 
                enterprise zone pursuant to section 701 of the Housing 
                and Community Development Act of 1987 (42 U.S.C. 
                11501); or
                    (B) an area that receives a similar designation 
                under any other Federal law.
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of Housing and Urban Development.

SEC. 3. GRANT PROGRAM.

    (a) In General.--The Administrator, in consultation with the 
Secretary, shall establish a grant program to award grants for 
environmental testing and characterization on land owned by 
municipalities or other political subdivisions of States that the 
Administrator determines to be appropriate. Subject to the availability 
of funds, the Administrator shall award a grant to any municipality (or 
other political subdivision of a State that the Administrator 
determines to be appropriate) that submits an approved application 
concerning environmental testing and characterization for an impacted 
site.
    (b) Administration of Grant Program.--The Administrator, in 
consultation with the Secretary, shall promulgate such regulations as 
are necessary to carry out the grant program established under 
subsection (a). In promulgating the regulations, the Administrator 
shall--
            (1) determine which activities constitute environmental 
        testing and characterization;
            (2) establish a procedure for the submission and approval 
        of an application for a grant; and
            (3) establish criteria for approving a grant application, 
        including, to the extent known, consideration of--
                    (A) the potential environmental and human health 
                risks posed by the area to be characterized;
                    (B) the availability of other sources of funding to 
                perform the environmental testing and characterization 
                in the absence of funding from a grant under this Act;
                    (C) the economic benefits that would flow from the 
                development of the area;
                    (D) the minimization of any economic benefit to 
                parties liable for response actions at the area; and
                    (E) other factors that the Administrator determines 
                to be appropriate.
    (c) State Grant Program.--The Administrator may, in consultation 
with the Secretary, authorize the Governor of a State to carry out a 
State grant program to award grants to carry out the purposes of this 
Act. The Administrator may promulgate such regulations as may be 
necessary to carry out this subsection.
    (d) Repayment.--
            (1) In general.--
                    (A) Payment.--Subject to subparagraph (B), the 
                recipient of a grant under this section must, as a 
                condition to receiving a grant award under this 
                section, enter into an agreement with the Administrator 
                that states that the recipient of the grant shall pay 
                to the Administrator the net proceeds resulting from 
                any transfer, lease, development, or conveyance of all 
                or part of the area that is the subject of the grant.
                    (B) Total payment.--The total amount of payments 
                made by a grant recipient under this subsection shall 
                not exceed an amount equal to the sum of--
                            (i) the amount of the grant; and
                            (ii) any accrued interest (as determined 
                        pursuant to paragraph (2)).
            (2) Interest.--The interest payable under this section 
        shall accrue at the same rate as is specified for interest 
        earned pursuant to section 107(a) of the Comprehensive 
        Environmental Response, Compensation, and Liability Act of 1980 
        (42 U.S.C. 9607(a)).
            (3) Schedule for payment.--A payment required under 
        paragraph (1) from the net proceeds of any transfer, lease, 
        development, or conveyance shall be paid not later than 30 days 
        after the recipient of the grant receives the net proceeds.
    (e) Evaluation and Report.--
            (1) Evaluation.--Not later than December 31, 1994, the 
        Administrator, in consultation with the Secretary, shall 
        conduct an evaluation of the grant program under this section. 
        The evaluation shall be based on information available at the 
        time of the evaluation. The Administrator shall require that, 
        as a condition to receiving a grant under this section, each 
        grant recipient must submit data indicating the actual cost, 
        benefits, sources, and use of all funds associated with the 
        environmental testing and characterization of the area that is 
        the subject of the grant award.
            (2) Report.--On completion of the evaluation referred to in 
        paragraph (1), but not later than December 31, 1994, the 
        Administrator shall submit a report to Congress that describes 
        the findings and recommendations of the Administrator.

SEC. 4. AUTHORIZATION OF APPROPRIATIONS.

    There are authorized to be appropriated such sums as may be 
necessary for each of the fiscal years 1993, 1994, 1995, and 1996 to 
carry out the purposes of this Act.

Summary: Enterprise Zone Environmental Restoration Act of 1993 - Directs the Administrator of the Environmental Protection Agency to establish a program to award grants for environmental testing and characterization on land owned by political subdivisions of States to political subdivisions that submit approved applications for such activities on impacted sites. Defines an impacted site as an area designated as an enterprise zone pursuant to the Housing and Community Development Act of 1987 or that receives a similar designation under other Federal law. Permits the Administrator to authorize State Governors to carry out State grant programs to carry out this Act. Sets forth conditions for the receipt of grants. Authorizes appropriations.