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New Clean Water Affordability Legislation Applauded
Representatives Bob Latta (R-OH) and Tim Walz (D-MN) introduced H.R. 3862, The Clean Water Affordability Act, Jan. 14 to assist financially challenged communities advance of clean water projects while minimizing the financial impacts on ratepayers and municipal budgets.
Specifically, the bill would codify the U.S. Environmental Protection Agency’s (EPA) integrated planning framework and extend permit terms up to 25 years for communities with approved integrated plans, require EPA to broaden its financial capability determinations, extend the repayment period to up to 30 years for Clean Water State Revolving Fund (CWSRF) investments, authorize additional subsidization such as principal forgiveness for communities that meet the affordability criteria, and ensure that small communities receive a portion of available funding under the CWSRF.