Sec. 7303. Water Infrastructure Investment Trust Fund
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There is established in the Treasury of the United States a trust fund to be known as the Water Infrastructure Investment Trust Fund (referred to in this section as the Fund ), consisting of such amounts as may be appropriated to or deposited in such fund as provided in this section. The Secretary of the Treasury (referred to in this section as the Secretary ) shall deposit in the Fund amounts equal to the fees received before January 1, 2022, under subsection (f)(2). Amounts in the Fund, including interest earned and advances to the Fund and proceeds from investment under subsection (d), shall be available for expenditure, without further appropriation, as follows: 50 percent of the amounts shall be available to the Administrator for making capitalization grants under section 601 of the Federal Water Pollution Control Act ( 33 U.S.C. 1381 ). 50 percent of the amounts shall be available to the Administrator for making capitalization grants under section 1452 of the Safe Drinking Water Act ( 42 U.S.C. 300j–12 ).
Amounts in the Fund shall be invested in accordance with section 9702 of title 31, United States Code, and any interest on, and proceeds from, any such investment shall be available for expenditure in accordance with this section. Amounts in the Fund may not be made available for a fiscal year under subsection
(c)unless the sum of the funds appropriated to the Clean Water State Revolving Fund and the Safe Drinking Water State Revolving Fund through annual capitalization grants is not less than the average of the sum of the annual amounts provided in capitalization grants under section 601 of the Federal Water Pollution Control Act ( 33 U.S.C. 1381 ) and section 1452 of the Safe Drinking Water Act ( 42 U.S.C. 300j–12 ) for the 5-fiscal-year period immediately preceding such fiscal year. The Administrator, in consultation with the Administrator of the Food and Drug Administration, manufacturers, producers, and importers, shall develop and implement a program under which the Administrator provides a label designed in consultation with manufacturers, producers, and importers suitable for placement on products to inform consumers that the manufacturer, producer, or importer of the product, and other stakeholders, participates in the Fund. The Administrator shall provide a label for a fee of 3 cents per unit. The Administrator, with participation by the States, shall conduct a study to— assess the affordability gap faced by low-income populations located in urban and rural areas in obtaining services from clean water and drinking water systems; and analyze options for programs to provide incentives for rate adjustments at the local level to achieve full cost or true value pricing for such services, while protecting low-income ratepayers from undue burden. Not later than 180 days after the date of enactment of this Act, the Administrator shall submit to the Committee on the Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure and the Committee on Energy and Commerce of the House of Representatives a report on the results of the study.
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- 42 USC 300j–12
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