The Senate Committee on Environment & Public Works held a hearing today concerning “the Federal Role in Keeping Water/Wastewater Infrastructure Affordable.” AGC’s testimony emphasized several financing tools that would help contractors and their local government partners build the nation’s water/wastewater infrastructure. AGC also called for increased appropriations to the Clean Water and Drinking Water State Revolving Loan Funds (SRFs), enacting a long-term dedicated revenue stream for water/wastewater infrastructure (like a water trust fund), resurrecting the Build America bonds program, funding the new WIFIA program of direct federal loans and loan guarantees, and unlocking private capital by making private activity bonds for water and sewer exempt from the PAB volume cap. AGC and its coalition partners in the Water Infrastructure Network will continue to advocate for every method of increasing funding and financing for water/wastewater infrastructure.
For more information, please contact Scott Berry at berrys@agc.org or (703) 837-5321.