Sec. 3. Budgetary treatment of certain amounts of financial assistance
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Subtitle C of title V of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq.) is amended by adding at the end the following: If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq.)— be deemed to be non-Federal; and be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act). .
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