!!!Umwelt- und Wasserwirtschaftsfonds

Umwelt- und Wasserwirtschaftsfonds (Environment and Water Management 
Fund): National promotion of environmental protection projects started 
with the establishment of the Water Management Fund in 1959, which was 
then part of the Federal Ministry of Construction, Public Works and 
Technology. Its main aim was to support environmentally compatible 
water supply and sewage disposal projects. The Environment Fund was 
established within the Federal Ministry of Health and Environmental 
Affairs in 1984. It was supposed to be an instrument of rehabilitation 
in the fields of air quality conservation and noise protection, as 
well as prevention and recycling of hazardous waste in order to 
subsidise measures designed to adapt old installations according to 
the latest technological developments. In 1987 the two funds were 
merged to form the Environment and Water Management Fund (Oekofonds, 
Eco Fund). Since 1991/92 the fund's tasks have also included the 
promotion of reclamation and securing of residual contaminants and the 
promotion of environmental protection measures abroad (services in the 
Czech, Slovakian, Hungarian and Slovenian republics), which are 
expected to bring about substantial environmental relief for Austria. 
About 5 billion ATS of subsidies for new environmental 
protection measures are granted each year.

!Literature
F. Prammer, Recht der Umwelt, 1994.


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