Sec. 7302. Water infrastructure finance and innovation

809 words·~4 min read·/bill/114/s/2848/es/section-7302

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 5023(b)(2) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3902(b)(2) ) is amended by striking carry out and inserting provide financial assistance to carry out . Section 5026 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3905 ) is amended— in paragraph (6)— by striking desalination project and inserting desalination project, including chloride control ; and by striking or a water recycling project and inserting a water recycling project, or a project to provide alternative water supplies to reduce aquifer depletion ; by redesignating paragraphs (7), (8), and

(9)as paragraphs (8), (9), and (10), respectively; by inserting after paragraph

(6)the following: A project to prevent, reduce, or mitigate the effects of drought, including projects that enhance the resilience of drought-stricken watersheds. ; and in paragraph

(10)(as redesignated by subparagraph (B)), by striking or

(7)and inserting (7), or

(8). Section 5023(b) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3902(b) ) is amended— in paragraph (2), by striking and

(8)and inserting (7), and

(9); and in paragraph (3), by striking paragraph

(7)or

(9)and inserting paragraph

(8)or

(10). Section 5024(b) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3903(b) ) is amended by striking paragraph

(8)or

(9)and inserting paragraph

(9)or

(10). Section 5027(3) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3906(3) ) is amended by striking section 5026(7) and inserting section 5026(8) . Section 5028 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3907 ) is amended— in subsection (a)(1)(E)— by striking section 5026(9) and inserting section 5026(10) ; and by striking section 5026(8) and inserting section 5026(9) ; and in subsection (b)(3), by striking section 5026(8) and inserting section 5026(9) . Section 5028(b)(2)(F) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3907(b)(2)(F) ) is amended— in clause (i), by striking or at the end; and by striking clause

(ii)and inserting the following: helps maintain or protect the environment; resists hazards due to a natural disaster; continues to serve the primary function of the water resources infrastructure project following a natural disaster; reduces the magnitude or duration of a disruptive event to a water resources infrastructure project; or has the absorptive, adaptive, and recoverable capacities to withstand a potentially disruptive event. . Section 5029(b) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3908(b) ) is amended— in paragraph (7)— by striking The Secretary and inserting the following: Except as provided in subparagraph (B), the Secretary ; and by adding at the end the following: On request of an eligible entity, the Secretary or the Administrator, as applicable, shall allow the fees under subparagraph

(A)to be financed as part of the loan. ; and by adding at the end the following: Any eligible project costs incurred and the value of any integral in-kind contributions made before receipt of assistance under this subtitle shall be credited toward the 51 percent of project costs to be provided by sources of funding other than a secured loan under this subtitle (as described in paragraph (2)(A). . Subtitle C of title V of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 3901 et seq. ) is amended by striking the subtitle designation and heading and inserting the following: . Section 5023 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3092 ) is amended by striking pilot each place it appears. Section 5034 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3913 ) is amended by striking the section designation and heading and inserting the following: . The table of contents for the Water Resources Reform and Development Act of 2014 ( Public Law 113–121 ) is amended— by striking the item relating to subtitle C of title V and inserting the following: Subtitle C—Innovative Financing Projects .; and by striking the item relating to section 5034 and inserting the following: Sec. 5034. Reports on program implementation. . It is the sense of the Senate that— appropriations made available to carry out the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq. ) should be in addition to robust funding for the State water pollution control revolving funds established under title VI of the Federal Water Pollution Control Act ( 33 U.S.C. 1381 et seq. ) and State drinking water treatment revolving loan funds established under section 1452 of the Safe Drinking Water Act ( 42 U.S.C. 300j–12 ); and the appropriations made available for the funds referred to in paragraph

(1)should not decrease for any fiscal year.

Connectionstraces to 10

Traces to 10 documents

U.S. Code