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TeachMeFinance.com - explain Functional Equivalent Functional Equivalent Term used to describe EPA's decision-making process and its relationship to the environmental review conducted under the National Environmental Policy Act (NEPA). A review is considered functionally equivalent when it addresses the substantive components of a NEPA review. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.