Sec. 7303. Water Infrastructure Investment Trust Fund
505 words·~2 min read·
/bill/114/s/2848/is/section-7303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a trust fund to be known as the Water Infrastructure Investment Trust Fund , consisting of such amounts as may be appropriated or credited to such fund as provided in this section. There are hereby appropriated to the Water Infrastructure Investment Trust Fund amounts equivalent to the fees received in the Treasury before January 1, 2022, under subsection (f). Except as provided by subsection (d), amounts in the Water Infrastructure Investment Trust Fund shall be available, without further appropriation, as follows: 85 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 ). 15 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 Water Infrastructure Investment Trust 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 Act and the amendments made by this Act. Amounts in the Water Infrastructure Investment Trust Fund may not be made available for a fiscal year unless the funds appropriated to the Clean Water State Revolving Fund through annual capitalization grants is not less than the average of the annual amounts provided in capitalization grants under section 601 of the Federal Water Pollution Control Act ( 33 U.S.C. 1381 ) for the 5-fiscal-year period immediately preceding such fiscal year.
The Secretary of the Treasury, in consultation with the Administrator of the Food and Drug Administration, manufacturers, producers, and importers, shall develop and implement a program under which the Secretary 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 Water Infrastructure Investment Trust Fund and is contributing to the clean water of the United States.
The Secretary shall provide a label for a fee of 3 cents per unit. Amounts received by the Secretary under subparagraph
(A)shall be deposited in the general fund of the Treasury. 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 transmit to the Committee on 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.
Connectionstraces to 1
Traces to 1 document
1 reference not yet in our index
- 42 USC 300j–12
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources