New WATER Act

Summary

New Water Available To Every Reclamation State Act or the New WATER Act This bill authorizes the Department of the Interior, for 15 years after this bill's enactment, to provide financial assistance, such as secured loans or loan guarantees, to entities that contract under federal reclamation law to carry out water projects within the 17 western states served by the Bureau of Reclamation, other states where the Bureau is authorized to provide project assistance, Alaska, and Hawaii. Projects eligible for assistance include: non-federal water infrastructure projects that would contribute to a safe, adequate water supply for domestic, agricultural, environmental, or municipal and industrial use; projects for enhanced energy efficiency in the operation of a water system; projects for accelerated repair and replacement of aging water distribution facilities; brackish or sea water desalination projects; and the acquisition of real property or an interest therein for water storage, reclaimed or recycled water, or wastewater that is integral to such a project. To be eligible for assistance, a project must be deemed creditworthy. Eligible project costs must be reasonably anticipated to be at least $20 million. Interior shall establish criteria for project selection and may enter into a master credit agreement for projects secured by a common security pledge on terms acceptable to it. Interior may enter into agreements with obligors to make secured loans to finance or refinance eligible project costs or to refinance long-term project obligations or federal credit instruments to provide additional funding capacity for the completion, enhancement, or expansion of a project. The total amount of federal assistance for a project shall not exceed 80% of its total cost. Interior shall establish: (1) a repayment schedule for each secured loan based on the useful life of the project, and (2) a uniform system to service the federal credit instruments made available under this bill. Interior shall report biennially on the financial performance of the projects that receive assistance under this bill.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 September 2016

   Introduced

   Referred to the House Committee on Natural Resources.

   Source: IntroReferral

2. 14 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 September 2016

   Referred

   Referred to the Subcommittee on Water, Power and Oceans.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 September 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 September 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 September 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 September 2016

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Denham, Jeff [R-CA-10] · R · Sponsor
• · hsii00 · Standing

Related records

• related to → W21
• related to → Drought Recovery and Resilience Act of 2015
• related to → California Long-Term Provisions for Water Supply and Short-Term Provisions for Emergency Drought Relief Act
• related to → W21
• related to → Drought Recovery and Resilience Act of 2015
• related to → California Emergency Drought Relief Act of 2015
• related to → California Long-Term Provisions for Water Supply and Short-Term Provisions for Emergency Drought Relief Act
• related to → New WATER Act