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S.3232 - Lowell National Historical Park Creative Partnerships Act114th Congress (2015-2016)

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Sponsor: Sen. Markey, Edward J. [D-MA] (Introduced 07/14/2016)
Committees: Senate - Energy and Natural Resources
Latest Action: Senate - 07/14/2016 Read twice and referred to the Committee on Energy and Natural Resources.  (All Actions)

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Summary: S.3232 — 114th Congress (2015-2016)All Information (Except Text)

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Introduced in Senate (07/14/2016)

Lowell National Historical Park Creative Partnerships Act

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.

(Under current law, all such loans, regardless of the year in which they were made, must have a maturity of 35 years.)