Environmental due diligence is a critical component of any property transaction where potential environmental risks are a concern—minimize risks and protect yourself from...
The federal spending bill moving through Congress contains a windfall for an Environmental Protection Agency program that subsidizes low-interest loans for water infrastructure projects.
The program, known as the Water Infrastructure Finance and Innovation Act (WIFIA), would have a budget for the 2018 fiscal year double the prior year. The House passed the spending bill March 22, and the Senate is widely expected to clear it by the end of this week to avoid a government shutdown.
Under the Trump administration’s infrastructure proposal, released Feb. 12, both superfund and brownfield sites would gain access to financing under the WIFIA lending program to address contamination to water resources see related story.
Under the bill, the WIFIA program would have a budget of $63 million in the 2018 fiscal year. That’s $33 million more than in 2017 and $43 million more than the Trump administration had requested.
In its brief existence, WIFIA has won bipartisan support for its ability to take a relatively modest appropriation from Congress and leverage it to grant loans that kick-start construction of water projects worth billions of dollars.
The 2017 fiscal year was the first time the EPA awarded loans through this program, which was set up as part of the 2014 Water Resources Reform and Development Act. California, Florida and seven other states had projects that received invitations to apply for loans.
Copyright © 2018 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)