The Environmental Facilities Corporation was created by the Laws of 1970, Chapter 744. The corporation is a reconstitution and continuation of the New York State Pure Waters Authority created in 1967 (Chapter 722) to plan, finance, construct, and operate sewage treatment and solid waste disposal facilities. In 1995 (Chapter 83), the Corporation's mandate was expanded to include projects focused on the removal, disposal, and remediation of petroleum storage tanks and the remediation of the sites on which such tanks are housed. The corporation is governed by a board of directors consisting of seven members: the commissioner of the Department of Environmental Conservation (chairman and chief executive officer); the commissioner of the Department of Health; the secretary of state; and four members appointed by the governor.
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The Environmental Facilities Corporation is a public benefit corporation created to protect the environment by assisting municipalities and private industries in implementing environmental projects, managing the wastes they produce, and complying with environmental regulations. The corporation plans, designs, finances, constructs, and operates facilities for solid and hazardous waste management as well as for air and water pollution abatement. Under the Industrial Finance Program, the corporation provides loans to finance environmental improvement projects for municipalities and industries. In addition, the corporation manages the New York State Water Pollution Control Revolving Fund which provides low interest loans to municipalities to finance the construction of water pollution control facilities. Through the Industrial Materials Recycling Program, the corporation provides technical assistance to industry to help reduce, recycle, and reuse solid and hazardous wastes.
L. 1970, Ch 744; L. 1995, Ch. 83.
