Implementation of Section 507 of the Clean Air Act Hearing Before the Subcommi

Cover Implementation of Section 507 of the Clean Air Act Hearing Before the Subcommi
Implementation of Section 507 of the Clean Air Act Hearing Before the Subcommi
United States Congress Senate Committee On Envi
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What did you think of Mr. Watson's idea that SBA should start a special program of guaranteeing bank loans for environmental compliance? Mr. Carvalho. It's a good idea, but I also have to say that you have to bring a little more into it. You have to understand that when we talk about technical and financial assistance, there is often the problem that the money that is offered isn't enough to cover the study of the problem. So it's how the money is spent. It's not enough for an agency to come to... me with $10, 000 to study chrome air emissions. A test of one chrome stack is $3, 000, and if I test at the beginning of my problem and at the end of my problem, that's 60 percent right there. 45 What would be smart would be if I went out to these six or seven other chrome platers in Connecticut, the only ones that are left, and we put together a consortium to study the chrome-plating proc- ess as it applies to all of us. It would be money spread out among five or six businesses. So it's how the money is spent that is a very important thing, also.

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