Sec. 2015. State revolving loan funds

769 words·~3 min read·/bill/115/s/3021/eah/section-2015

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Section 1452(a)(2)(B) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(a)(2)(B) ) is amended by striking (including expenditures for planning, design, and associated preconstruction activities, including activities relating to the siting of the facility, but not and inserting (including expenditures for planning, design, siting, and associated preconstruction activities, or for replacing or rehabilitating aging treatment, storage, or distribution facilities of public water systems, but not .

Section 1452(a) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(a) ) is further amended by adding at the end the following: The requirements of section 1450(e) shall apply to any construction project carried out in whole or in part with assistance made available by a State loan fund. . Section 1452(d)(2) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(d)(2) ) is amended to read as follows: For each fiscal year, of the amount of the capitalization grant received by the State for the year, the total amount of loan subsidies made by a State pursuant to paragraph (1)— may not exceed 35 percent; and to the extent that there are sufficient applications for loans to communities described in paragraph (1), may not be less than 6 percent. .

Section 1452(f)(1) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(f)(1) ) is amended— by redesignating subparagraphs

(C)and

(D)as subparagraphs

(D)and (E), respectively; by inserting after subparagraph

(B)the following new subparagraph: each loan will be fully amortized not later than 30 years after the completion of the project, except that in the case of a disadvantaged community (as defined in subsection (d)(3)) a State may provide an extended term for a loan, if the extended term— terminates not later than the date that is 40 years after the date of project completion; and does not exceed the expected design life of the project; ; and in subparagraph (B), by striking 1 year after completion of the project for which the loan was made and all that follows through design life of the project; and inserting 18 months after completion of the project for which the loan was made; . Section 1452(h) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(h) ) is amended— by striking The Administrator and inserting

(1)The Administrator ; and by adding at the end the following new paragraph: Any assessment conducted under paragraph

(1)after the date of enactment of America’s Water Infrastructure Act of 2018 shall include an assessment of costs to replace all lead service lines (as defined in section 1459B(a)(4)) of all eligible public water systems in the United States, and such assessment shall describe separately the costs associated with replacing the portions of such lead service lines that are owned by an eligible public water system and the costs associated with replacing any remaining portions of such lead service lines, to the extent practicable. . Section 1452(k)(1)(C) of the Safe Drinking Water Act ( 42 U.S.C. 300j–12(k)(1)(C) ) is amended by striking for fiscal years 1996 and 1997 to delineate and assess source water protection areas in accordance with section 1453 and inserting to delineate, assess, and update assessments for source water protection areas in accordance with section 1453 . Section 1452 of the Safe Drinking Water Act ( 42 U.S.C. 300j–12 ) is amended by adding after subsection

(r)the following: The Administrator shall— collect information from States on administration of State loan funds established pursuant to subsection (a)(1), including— efforts to streamline the process for applying for assistance through such State loan funds; programs in place to assist with the completion of applications for assistance through such State loan funds; incentives provided to public water systems that partner with small public water systems to assist with the application process for assistance through such State loan funds; practices to ensure that amounts in such State loan funds are used to provide loans, loan guarantees, or other authorized assistance in a timely fashion; practices that support effective management of such State loan funds; practices and tools to enhance financial management of such State loan funds; and key financial measures for use in evaluating State loan fund operations, including— measures of lending capacity, such as current assets and current liabilities or undisbursed loan assistance liability; and measures of growth or sustainability, such as return on net interest; not later than 3 years after the date of enactment of America’s Water Infrastructure Act of 2018 , disseminate to the States best practices for administration of such State loan funds, based on the information collected pursuant to this subsection; and periodically update such best practices, as appropriate. .

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42 USC 300j–12(a)(2)(B)
42 USC 300j–12(a)
42 USC 300j–12(d)(2)
42 USC 300j–12(f)(1)
42 USC 300j–12(h)
42 USC 300j–12(k)(1)(C)
42 USC 300j–12

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cites case law

Sec. 2015

State revolving loan funds

Cite42 USC 300j–12(a)(2)(B)

Cite42 USC 300j–12(a)

Cite42 USC 300j–12(d)(2)

Cite42 USC 300j–12(f)(1)

Cite42 USC 300j–12(h)

Cites 7 · showing 5Cited by 0 across 0 sources