The House last week voted 317 to 101 to approve a bill that would provide $13.8 billion in federal grants over five years to capitalize clean water state revolving funds.

Clean and drinking water SRFs are used to make low-interest loans to localities for certain infrastructure projects. Under the terms of the House bill, states would also be allowed to forgive loan principal or make negative-interest loans, which essentially are grants.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.