Financial Aid for Rural Water Systems: Grants, Low-Interest Loans, and Debt Relief.
This law aims to ensure the stability and affordability of water and wastewater services in rural areas. It introduces new grants, low-interest loans, and the possibility of debt forgiveness for local utility providers. This measure is intended to protect public health and reduce financial burdens on residents in economically distressed regions.
Key points
Rural water and wastewater providers can receive grants or loans with zero or very low interest (1%).
The law allows for forgiving existing debt or modifying loan terms for these systems, potentially stabilizing service costs for residents.
Assistance is prioritized for areas where water services are unaffordable relative to median household income (disadvantaged areas).
Expired
Citizen Poll