Welcome to the first episode of Talking Under Water: One water, one podcast. In this episode, your hosts...
The proposed legislation has a mixed reception from water quality organizations such as AWWA and WEF
Bipartisan legislation has been introduced in both the U.S. House of Representatives and the Senate with the goal of increasing the availability of funding for states to invest in water infrastructure projects. The Securing Required Funding for Water Infrastructure Now (SRF WIN) Act would authorize $200 million annually over a period of five years to state revolving funds to present loans for water projects at Treasury rates. Sen. John Boozman of Arkansas was among the group of Senators to introduce the legislation.
“This legislation would modernize water infrastructure investment by empowering states to invest in multiple water infrastructure projects,” said Boozman. “The bill combines the best aspects of state revolving funds with the leveraging power of the Water Infrastructure and Innovation Act.”
Additionally, the act would encourage state to bundle project by waiving the $100,000 application fee and fast-tracking the application process to 180 days. Advocates for the project, such as the Council of Infrastructure Financing Authorities, attest that the act will simplify the federal approval process.
The proposed legislation, however, faces opposition from the American Water Works Association, the Association of Municipal Water Agencies and the Water Environment Federation who believe the program would be ineffective and unnecessarily costly.