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Code · STATUTE-COMPILATIONS · Water Infrastructure Improvements for the Nation Act · Sec. 5008

Sec. 5008. WATER INFRASTRUCTURE FINANCE AND INNOVATION

644 words·~3 min read·/statute-compilations/comps-13821/sec-5008

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 5008 WATER INFRASTRUCTURE FINANCE AND INNOVATION ###
(a)Authority To Provide Assistance 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”. ###
(b)Projects Eligible for Assistance ####
(1)In general Section 5026 of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3905) is amended— #####
(A)in paragraph (6)— ######
(i)by striking “desalination project” and inserting “desalination project, including chloride control”; and ######
(ii)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”; #####
(B)by redesignating paragraphs (7), (8), and
(9)as paragraphs (8), (9), and (10), respectively; #####
(C)by inserting after paragraph
(6)the following: > > #### “(7) > > A project to prevent, reduce, or mitigate the effects of drought, including projects that enhance the resilience of drought-stricken watersheds.” > ; and #####
(D)in paragraph
(10)(as redesignated by subparagraph (B)), by striking “or (7)” and inserting “(7), or (8)”. ####
(2)Conforming amendments #####
(A)Section 5023(b) of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3902(b)) is amended— ######
(i)in paragraph
(2)by striking “and (8)” and inserting “(7), and (9)”; and ######
(ii)in paragraph
(3)by striking “paragraph
(7)or (9)” and inserting “paragraph
(8)or (10)”. #####
(B)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)”. #####
(C)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)”. #####
(D)Section 5028 of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3907) is amended— ######
(i)in subsection (a)(1)(E)— ######
(I)by striking “section 5026(9)” and inserting “section 5026(10)”; and ######
(II)by striking “section 5026(8)” and inserting “section 5026(9)”; and ######
(ii)in subsection (b)(3) by striking “section 5026(8)” and inserting “section 5026(9)”. ###
(c)Terms and Conditions Section 5029(b) of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3908(b)) is amended— ####
(1)in paragraph (7)— #####
(A)by striking “ The Secretary ” and inserting the following: > > ##### “(A) In general > > Except as provided in subparagraph (B), the Secretary” > ; and #####
(B)by adding at the end the following: > > ##### “(B) Financing fees > > 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 ####
(2)by adding at the end the following: > > #### “(10) Credit > > 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)).” > . ###
(d)Sense of Congress It is the sense of Congress that— ####
(1)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 ####
(2)the appropriations made available for the funds referred to in paragraph
(1)should not decrease for any fiscal year.
Connectionstraces to 9
Citation graph
cites case law
Sec. 5008
WATER INFRASTRUCTURE FINANCE AND INNOVATION
U.S.C.§ 3902
U.S.C.§ 3905
U.S.C.§ 3903
U.S.C.§ 3906
U.S.C.§ 3907
U.S.C.§ 3908
U.S.C.§ 3901
U.S.C.§ 1381
U.S.C.§ 300j–12
Cites 9Cited by 0 across 0 sources
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