Bill > S1760

This bill amends the Water Infrastructure Finance and Innovation Act (WIFIA) of 2014 to clarify the budgetary treatment of certain financial assistance. Specifically, the bill addresses how financial assistance provided through WIFIA will be classified when the recipient is a non-federal entity (such as a state, local government, or private organization) and the project's repayment comes from non-federal revenue sources. Under the proposed change, such financial assistance will be deemed non-federal and treated as a direct loan or loan guarantee for budgetary accounting purposes. This means that when a water infrastructure project is funded through WIFIA and repaid using local or state-generated revenues, it will be accounted for differently in federal budget calculations, potentially making it easier for non-federal entities to access and utilize WIFIA funding. The bill aims to provide more flexibility and clarity in how water infrastructure projects are financed and recorded in federal budgeting.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1760/all-info