TREATMENT OF CERTAIN PUBLICLY OWNED BROWNFIELD SITES.

SEC. 7. TREATMENT OF CERTAIN PUBLICLY OWNED BROWNFIELD SITES. Section 104(k) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9604(k)) is amended— (1) in paragraph (2), by adding at the end the following: “(C) Exemption for certain publicly owned brownfield sites.—Notwithstanding paragraph (5)(B)(iii), an eligible entity described in any of subparagraphs (A) through (H) of paragraph (1) may receive a grant under this paragraph for property acquired by that eligible entity prior to January 11, 2002, even if the eligible entity does not qualify as a bona fide prospective purchaser, so long as the eligible entity has not caused or contributed to a release or threatened release of a hazardous substance at the property.” ; and (2) in paragraph (3), by adding at the end the following: “(E) Exemption for certain publicly owned brownfield sites.—Notwithstanding paragraph (5)(B)(iii), an eligible entity described in any of subparagraphs (A) through (H) of paragraph (1) may receive a grant or loan under this paragraph for property acquired by that eligible entity prior to January 11, 2002, even if the eligible entity does not qualify as a bona fide prospective purchaser, so long as the eligible entity has not caused or contributed to a release or threatened release of a hazardous substance at the property.” .