Easier Water Infrastructure Financing: New Budget Rules for WIFIA Loans.
This bill changes how the federal government accounts for loans provided for water infrastructure projects (WIFIA) when the recipient is a non-federal entity and repayment comes from non-federal revenue. This adjustment means such financial assistance will be treated as non-federal for budgetary purposes. The goal is to streamline access to funding for essential water projects, potentially accelerating the modernization of local water systems and improving water quality and utility services for citizens.
Key points
Budgetary Rule Change: WIFIA loans given to non-federal entities, repaid by private sources, will be considered non-federal for budget accounting.
Increased Funding Access: This change aims to expand financing opportunities for water projects, potentially leading to faster upgrades of local water infrastructure.
Community Benefits: Better access to capital for water projects can improve the quality and reliability of water and sewage services for residents.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.