Agenda - Public Works Committee - 10/20/2020

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S. 3021-113 "(j) DEFINITION OF ELIGIBLE INDIVIDUAL. —In subsection (c)(12), the term `eligible individual' means a member of a household, the members of which have a combined income (for the most recent 12-month period for which information is available) equal to not more than 50 percent of the median nonmetropolitan household income for the State in which the household is located, according to the most recent decennial census.". (b) REPORT. —Not later than 2 years after the date of enactment of this section, the Administrator of the Environmental Protection Agency shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report describing— (1) the prevalence throughout the United States of low - and moderate -income households without access to a treatment works; and (2) the use by States of assistance under section 603(c)(12) of the Federal Water Pollution Control Act. Subtitle B—WIFIA Reauthorization and Innovative Financing for State Loan Funds SEC. 4201. WIFIA REAUTHORIZATION AND INNOVATIVE FINANCING FOR STATE LOAN FUNDS. (a) WIFIA REAUTHORIZATION.— (1) AUTHORITY TO PROVIDE ASSISTANCE. —Section 5023 of the Water Resources Reform and Development Act of 2014 (33 U.S.C. 3902) is amended — (A) by striking "pilot" each place it appears; and (B) in subsection (b)(1), by inserting "provide financial assistance to" before "carry out". (2) DETERMINATION OF ELIGIBILITY AND PROJECT SELEC- TION. —Section 5028(a)(1)(E) of the Water Resources Reform and Development Act of 2014 (33 U.S.C. 3907(a)(1)(E)) is amended to read as follows: "(E) SPECIAL RULE FOR CERTAIN COMBINED PROJECTS. — The Administrator shall develop a credit evaluation process for a Federal credit instrument provided to— "(i) a State infrastructure financing authority for a project under section 5026(9), which may include requiring the provision of a final rating opinion letter from at least one rating agency; or "(ii) an entity for a project under section 5026(10), which may include requiring the provision of a final rating opinion letter from at least two rating agencies.". (3) REPAYMENTS. —Section 5029(c)(2)(B) of the Water Resources Reform and Development Act of 2014 (33 U.S.C. 3908(c)(2)(B)) is amended — (A) by striking "Scheduled" and inserting the following: "(i) TIMING OF SCHEDULED LOAN REPAYMENTS. — Scheduled"; and (B) by adding at the end: "(ii) RVn AvA,T'r7TC —iTnno of nri frr ror sr-