Sec. 601. GRANTS TO STATES FOR ESTABLISHMENT OF REVOLVING FUNDS
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## SEC. 601 GRANTS TO STATES FOR ESTABLISHMENT OF REVOLVING FUNDS ###
(a)General Authority Subject to the provisions of this title, the Administrator shall make capitalization grants to each State for the purpose of establishing a water pollution control revolving fund to accomplish the objectives, goals, and policies of this Act by providing assistance for projects and activities identified in section 603(c). ###
(b)Schedule of Grant Payments The Administrator and each State shall jointly establish a schedule of payments under which the Administrator will pay to the State the amount of each grant to be made to the State under this title. Such schedule shall be based on the State's intended use plan under section 606(c) of this Act, except that— ####
(1)such payments shall be made in quarterly installments, and ####
(2)such payments shall be made as expeditiously as possible, but in no event later than the earlier of— #####
(A)8 quarters after the date such funds were obligated by the State, or #####
(B)12 quarters after the date such funds were allotted to the State. **[**[33 U.S.C. 1381](/us/usc/t33/s1381)**]**
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Sec. 601
GRANTS TO STATES FOR ESTABLISHMENT OF REVOLVING FUNDS
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