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NJ DEP Fund to help Homeowners Runs out of Money...

5/12/2011

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According to this article on NJ.com, “about 1,300 people seeking grants or loans will not get help for at least a year, creating a backlog of an estimated $33 million worth of spill cleanups, said Frank Pinto, chief financial officer for the state Department of Environmental Protection’s Site Remediation Program. The money woes also will prevent the agency from processing new requests until at least 2014, Pinto said..

Once celebrated as the solution to getting rid of rusted and aging tanks, the fund ran out of cash because of maneuvers to divert dollars to other priorities and expand the number of people and institutions eligible for the program”

See full story here:
http://www.nj.com/news/index.ssf/2011/05/nj_fund_to_help_residents_fix.html

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