Sec. 5008. Water infrastructure finance and innovation

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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 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)). . It is the sense of Congress 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.

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