Jan 20, 2014

U.S. Representatives Introduce Water Affordability Bill

The bill will assist financially challenged communities in advancing clean water projects

U.S. Representatives The Clean Water Affordability Act Bob Latta Tim Walz

Reps. Bob Latta (R-OH) and Tim Walz (D-MN) introduced H.R. 3862, The Clean Water Affordability Act, to assist financially challenged communities in advancing clean water projects while minimizing the financial impacts on ratepayers and municipal budgets. Specifically, the bill would codify the U.S. Environmental Protection Agency’s (EPA) integrated planning framework and extend permit terms up to 25 years for communities with approved integrated plans, require EPA to broaden its financial capability determinations, extend the repayment period to up to 30 years for Clean Water State Revolving Fund (CWSRF) investments, authorize additional subsidization such as principal forgiveness for communities that meet the affordability criteria and ensure that small communities receive a portion of available funding under the CWSRF.

 

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