The Senate voted 83-14 Wednesday to approve the Water Resources Development Act of 2013, which authorizes federal water program spending and includes a pilot program that would offer low-interest loans and loan guarantees for water infrastructure projects.

The Senate-passed bill includes the Water Infrastructure Finance and Innovation Act, or WIFIA, authorized at $250 million over five years. The WIFIA program is modeled on the Transportation, Infrastructure Finance and Innovation Act (TIFIA) program, which provides loans and loan guarantees for highway programs.

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