A short summary of the key provisions included in H.R. 1497, The Water Quality Protection & Job Creation Act.
The legislation authorizes $16.68 billion over five years and includes several set-aside provisions directing how state financing programs may spend the monies provided (See details below). These funds would provide low-interest loans and additional loan subsidizations (e.g., principal forgiveness and negative interest loans) to communities for wastewater infrastructure. In addition to the additional funding authorization provided by HR 1497, the legislation includes several key statutory changes that will impact state authorized NPDES programs.
HR 1497 WQPJA Summary