Water Infrastructure Finance and Innovation Act (WIFIA)

AWWA is asking the US Congress to increase the effectiveness of the Water Infrastructure Finance and Innovation Act – known as WIFIA – by repealing a ban on the use of tax-exempt bonds in WIFIA-funded projects.

Enacted in 2014 as part of the Water Resources and Reform Development Act, WIFIA provides low-interest federal loans for up to 49% of large drinking water, wastewater and water reuse projects. However, as written, the law prohibits tax-exempt bonds from funding the remaining 51%, taking away the most cost-effective tool for communities that seek WIFIA loans.

http://www.awwa.org/legislation-regulation/issues/infrastructure-financing.aspx