WASHINGTON — NACWA has released a congratulatory response to the introduction of H.R. 3862, The Clean Water Affordability Act, this week by Representatives Bob Latta (R-OH) and Tim Walz (D-MN), according to a press release.
The Act will help financially challenged communities advance clean water projects while minimizing the financial impacts on ratepayers and municipal budgets, noted the release.
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, the release reported.
“Across the country, communities are struggling to pay for the critical wastewater infrastructure necessary to protect public health and the environment,” said Ken Kirk, NACWA executive director. “NACWA thanks Congressman Bob Latta (R-OH) and Tim Walz (D-MN) for introducing The Clean Water Affordability Act to provide communities with the added flexibility to advance clean water projects while minimizing the financial impacts on already stressed ratepayers and municipal budgets. This bill is an important step toward realizing the goals of NACWA’s Money Matters . . . Smarter Investment to Advance Clean Water™ campaign."