To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date of certain loans, and for other purposes.
- Last Action
- 5/5/2021
Actions
- 2021-05-05Referred to the Subcommittee on Environment and Climate Change.
- 2021-05-05Referred to the Subcommittee on Water Resources and Environment.
- 2021-05-04Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-05-04Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2021-05-04Introduced in House
- 2021-05-04Introduced in House
CRS Summary
As of 2021-05-04 (00)
This bill allows certain federal water infrastructure loans to have maturity dates of up to 55 years.
For a secured loan for a water infrastructure project with a useful life of more than 35 years, the final maturity date of the loan shall be no later than the earlier of (1) 55 years after the project's substantial completion, or (2) the useful life of the project. Currently, the latest possible maturity date for this type of loan is 35 years from the project's substantial completion.
Cosponsors (3)
- Dan Newhouse (R-WA)
- Jim Costa (D-CA)
- Doug LaMalfa (R-CA)
Sourced from Congress.gov (public domain).
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