CBO - "S. 1689, a bill to permit States to transfer certain funds from the clean water revolving fund of a State to the drinking water revolving fund of the State in certain circumstances, and for other purposes"

Title: S. 1689, a bill to permit States to transfer certain funds from the clean water revolving fund of a State to the drinking water revolving fund of the State in certain circumstances, and for other purposes Source: CBO Data/Action: Working Papers Date: 6/28/2019 Text Preview: ...Environmental Protection Agency (EPA) provides capitalization grants under the Clean Water State Revolving Loan Fund (CWSRF) and Drinking Water State Revolving Loan Fund (DWSRF) programs to the CWSRFs and DWSRFs operated by states. Those grant funds, along with states own funds, are used to provide loans and other assistance to water infrastructure projects. States are currently authorized to transfer up to 33 percent of the capitalization grants they are awarded from one fund to the other. S. 1689 would authorize states, in consultation with EPA... ...after enactment. Using information from EPA, CBO estimates that implementing S. 1689 would require the agency to update program guidance and would cost less...