P3 Act

Summary

Preventing Pollution through Partnerships Act or the P3 Act This bill allows state and local governments to issue green infrastructure bonds as tax-exempt private activity bonds. The bonds are not subject to the state volume caps that apply to certain tax-exempt private activity bonds. A green infrastructure bond must be issued as part of an issuance that requires 95% or more of the net proceeds to be used to develop, carry out, or certify approved green infrastructure projects. The approved projects are to construct, rehabilitate, maintain, or repair green infrastructure that has been certified by the state in which the project is located as effectively addressing nonpoint source pollution. "Green infrastructure" is infrastructure that preserves, enhances, or mimics natural infiltration, evapotranspiration, or capture of storm water.

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Timeline

1. 14 May 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 May 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 May 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 May 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 May 2019

  Open at official source

Sponsors

• Derek Kilmer · D · Sponsor
• Denny Heck · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← P3 Act