NACWA commends introduction of water investment legislation

Nov. 22, 2013

WASHINGTON, D.C. — The Water Protection and Reinvestment Trust Fund Act of 2013 was introduced with bipartisan support.

WASHINGTON, D.C. — The National Association of Clean Water Agencies (NACWA) has commended the introduction of The Water Protection and Reinvestment Trust Fund Act of 2013 (H.R. 3582), bipartisan legislation that will establish a voluntary federal trust fund for investments in clean water infrastructure, according to a press release.

The bill was introduced by Representative Earl Blumenauer (D-OR), along with Representatives Richard Hanna (R-PA), Tim Bishop (D-NY), John Duncan (R-TN), Donna Edwards (D-MD), Ed Whitfield (R-KY), Jim Moran (D-VA) and Thomas Petri (R-WI), the release reported.

Under the proposed legislation, the makers of water-based beverages and flushable products could opt to put a clean water logo on their products in exchange for a three cent fee; the revenue from which would go towards the trust fund, noted the release.

According to the release, 85 percent of the fund would go towards replenishing the Clean Water State Revolving Fund (CWSRF) and 15 percent to fund a Water Infrastructure Finance and Innovation Authority to provide low-cost capital to clean water infrastructure projects.

Read the full release on the NACWA website.

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