Expanded funding access for private and nonprofit wastewater treatment upgrades.
This law expands access to federal loan funds (SRF) for upgrading water and wastewater infrastructure. For the first time, qualified nonprofit entities and privately owned treatment works can apply for these funds to improve the quality, security, and efficiency of their systems. The changes aim to ensure that the benefits of these upgrades (e.g., cleaner water, lower operating costs) directly reach the citizens served, rather than shareholders or owners.
Key points
Nonprofit organizations managing water infrastructure can now obtain loans for the construction and modernization of wastewater treatment facilities.
Privately owned treatment works can receive funding for improvements, security, and energy efficiency, but only if federal appropriations exceed a specific threshold.
Financial support for private entities must primarily benefit consumers (e.g., better service quality), not just the company owners.
Status:
Expired
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