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House and Senate Lawmakers Look to Boost Water and Sewer Financing
Route Fifty: WASHINGTON — States could gain new access to federal funding to provide low-cost loans for water and sewer projects under a pair of companion bills introduced last week on Capitol Hill.
Lawmakers described the bipartisan legislation as a way to combine beneficial parts of two existing federally-backed financing programs for drinking water and wastewater infrastructure: state revolving funds and the Water Infrastructure and Innovation Act, or WIFIA.
The new bills in the House and Senate would authorize $200 million annually over five years to support state revolving fund projects.
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