Lowell National Historical Park Creative Partnerships Act

Bill: 114-s-3232
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2016-07-14
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: 2016-07-14
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2016-07-14
action_desc: Introduced in Senate
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: II 114th CONGRESS 2d Session S. 3232 IN THE SENATE OF THE UNITED STATES July 14, 2016 Mr. Markey introduced the following bill; which was read twice and referred to the Committee on Energy and 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 ( 16 U.S.C. 410cc–33(a)(1) ), is amended in the first sentence by striking thirty-five years and inserting 35 years, except that any loan made in 1984 shall have a maturity of 42 years .