261—65.2 (78GA,ch1101) Definitions. When used in this chapter, unless the context otherwise requires:
“Acquisition” means the purchase of brownfield property.
“Advisory council” means a brownfield redevelopment advisory council as established in 2000 Iowa Acts, chapter 1101, section 4, consisting of five members.
“Board” means the Iowa department of economic development board.
“Brownfield site” means an abandoned, idled, or underutilized industrial or commercial facility where expansion or redevelopment is complicated by real or perceived environmental contamination. A brownfield site includes property contiguous with the property on which the individual or commercial facility is located. A brownfield site shall not include property which has been placed, or is proposed to be included, on the national priorities list established pursuant to the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), 42 U.S.C. 9601 et seq.
“CERCLA” means Comprehensive Environmental Response, Compensation, and Liability Act as defined at 42 U.S.C. 9601 et seq.
“Characterization” means determination of both the nature and extent of contamination in the various media of the environment.
“Community” means a city or county, or an entity established pursuant to Iowa Code chapter 28E.
“Contaminant” means any hazardous substance found in the various media of the environment.
“Department”  or “IDED”  means the Iowa department of economic development.
“Fund” means the brownfield redevelopment fund established pursuant to 2000 Iowa Acts, chapter 1101, section 3.
“Grant” means the donation or contribution of funds with no expectation or requirement that the funds be repaid.
“Hazardous substance” means “hazardous substance” as defined in 567—Chapter 137 and includes petroleum substances not addressed in 567—Chapter 135.
“Loan” means an award of assistance with the requirement that the award be repaid, and with term, interest rate, and any other conditions specified as part of the award. A deferred loan is one for which the payment of principal or interest, or both, is not required for some specified period. A forgivable loan is one for which repayment is eliminated in part or entirely if the borrower satisfies specified conditions. A loan guarantee is a third-party commitment to repay all or a portion of the loan in the event that the borrower defaults on the loan.
“Redevelopment” means projects that result in the elimination of blighting characteristics as defined by Iowa Code section 403.2.
“Remediation” includes characterization, risk assessment, removal and cleanup of environmental contaminants located on and adjacent to a brownfield site. Funding awards used for remediation must comply with appropriate Iowa department of natural resources requirements and guidelines.
“Risk evaluation” means assessment of risks to human health and environment by way of guidelines established in 567—Chapter 137.
“Sponsorship” means an agreement between a city or county and an applicant for assistance under the brownfield redevelopment program in which the city or county agrees to offer assistance or guidance to the applicant. Sponsorship is not required if the applicant is a city or county.