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Clean Water SRF Parity Act

Source: Congress.gov  ·  702 words in original text
This bill changes the rules for which projects can get money from state water pollution control revolving funds (also called SRF, a fund that gives loans and grants for water infrastructure). The bill allows more types of organizations and projects to receive financial help, including qualified nonprofit organizations and privately owned treatment works (facilities that clean wastewater).
Qualified nonprofit entities (groups without owners trying to make money that meet standards set by the Administrator). Owners and operators of privately owned treatment works (businesses that run wastewater treatment facilities). State agencies that manage water pollution control revolving funds. People and entities served by these treatment facilities.
Qualified nonprofit entities can now receive financial assistance to build, buy or improve treatment works (wastewater cleaning facilities) or do other water pollution control activities. (Sec. 2(1)(C)) States cannot provide extra financial help to qualified nonprofit entities or private treatment work owners for certain types of assistance. (Sec. 2(2)) When a state receives more than a specific funding threshold in any year, the extra money can be used to help privately owned treatment works with improvements, construction, water conservation, energy reduction or security measures. (Sec. 2(3)) Financial help for privately owned treatment works can only be given for activities that benefit the customers or people served by the facility, not the owners or shareholders of the business. (Sec. 2(3))
If this bill becomes law, qualified nonprofit entities become eligible to receive money from state water pollution control revolving funds for certain water infrastructure projects. Privately owned treatment works become eligible to receive funding for improvements and other activities when funding exceeds a certain amount, but only for projects that benefit their customers, not their owners.
Qualified nonprofit entity: Not defined in bill text. Treatment works: Not explicitly defined in bill text. Privately owned treatment works: Not explicitly defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.