Sec. 4001. Establishment of Clean Water Trust Fund
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Subchapter A of chapter 98 of the Internal Revenue Code of 1986 (relating to the establishment of trust funds) is amended by adding at the end the following new section: There is established in the Treasury of the United States a trust fund to be known as the Clean Water Trust Fund , consisting of such amounts as may be appropriated or credited to the Fund as provided in this section or section 9602(b). There are hereby appropriated to the Clean Water Trust Fund amounts equivalent to— fees, taxes, or other sources of revenue specifically collected and deposited in the Fund or received in the Treasury for the purposes provided in this section; and any penalty paid pursuant to section 309 of the Federal Water Pollution Control Act (33 U.S.C. 1319) (other than those that result of violations of section 311 of such Act).
There are hereby authorized to be appropriated to the Clean Water Trust Fund such additional sums as may be required to make the expenditures referred to in subsection (d). Amounts in the Clean Water Trust Fund shall be available, as provided in appropriations Acts, for the following purposes: Capitalization grants under section 601 of the Federal Water Pollution Control Act ( 33 U.S.C. 1381 ). Grants to States and interstate agencies under section 106(a) of that Act (33 U.S.C. 1256(a)).
Grants under sections 104(b) and 104(g) of that Act ( 33 U.S.C. 1254(b) and 1254(g)). To cover the cost of making direct loans or guaranteeing obligations authorized under the Water Pollution Control Investment Act . .
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