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Water Infrastructure Support: New Funding Rules and Definitions

This act amends water project financing, making it easier for smaller communities to access funds and expanding the scope of eligible investments. Citizens can expect improved water infrastructure, leading to better access to clean water and more efficient resource management.
Key points
Smaller communities (up to 25,000 inhabitants) gain easier access to funding for water projects.
The list of eligible projects for support has been expanded, including state-led projects and those owned by non-federal entities.
New project delivery methods are introduced, potentially speeding up construction and reducing costs, meaning faster benefits for residents.
The maximum loan repayment period for water projects is extended to 55 years, which may lower monthly financial burdens for beneficiaries.
Increased funding for water infrastructure programs for 2022-2026 means more available funds for infrastructure improvements.
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Additional Information
Print number: 117_HR_8127
Sponsor: Rep. Schrier, Kim [D-WA-8]
Process start date: 2022-06-16