Lowell National Historical Park Creative Partnerships Act

Bill: 114-hr-5371
Sponsor: full_name: Rep. Tsongas, Niki [D-MA-3]
Introduced: 2016-05-26
Policy area: Public Lands and Natural Resources
Subjects: Government lending and loan guarantees

Historic sites and heritage areas

Massachusetts

Parks, recreation areas, trails
Latest action: action_date: 2016-06-02
text: Referred to the Subcommittee on Federal Lands.

Summaries:
action_date: 2016-05-26
action_desc: Introduced in House
text: <p><b>Lowell National Historical Park Creative Partnerships Act</b></p> <p>This bill requires any loan made in 1984 by the Lowell Historic Preservation Commission to the Lowell Development and Financial Corporation to enable it to furnish low-interest loans for the preservation, restoration, or development of certain properties in the Lowell National Historical Park or the Lowell Historic Preservation District in Massachusetts to have a maturity of 42 years.</p> <p>(Under current law, all such loans, regardless of the year in which they were made, must have a maturity of 35 years.) </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5371 IN THE HOUSE OF REPRESENTATIVES May 26, 2016 Ms. Tsongas introduced the following bill; which was referred to the Committee on Natural Resources A BILL To revise repayment terms for certain loans made under the Lowell National Historical Park Historic Preservation Loan Program.

1. Short title This Act may be cited as the Lowell National Historical Park Creative Partnerships Act . 2. Reauthorization Section 303(a)(1) of the Act entitled An act to provide for the establishment of the Lowell National Historical Park in the Commonwealth of Massachusetts, and for other purposes , approved June 5, 1978 ( Public Law 95–290 ; 16 U.S.C. 410cc et seq. ), is amended by inserting after thirty-five years the following: , except that any such loan made in 1984 shall have a maturity of forty-two years .