I 

116TH CONGRESS 

2D SESSION H. R. 8217 

To amend the Water Infrastructure Finance and Innovation Act of 2014 

with respect to the final maturity date of certain loans, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 11, 2020 

Mr. GARAMENDI (for himself, Mr. COX of California, Mr. COSTA, Mr. 

LAMALFA, Mr. HARDER of California, and Mr. NEWHOUSE) introduced 

the following bill; which was referred to the Committee on Transportation 

and Infrastructure, and in addition to the Committee on Energy and 

Commerce, for a period to be subsequently determined by the Speaker, 

in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To amend the Water Infrastructure Finance and Innovation 

Act of 2014 with respect to the final maturity date 

of certain loans, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘WIFIA Improvement 

5 Act of 2020’’. 


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1 SEC. 2. MATURITY DATE. 

2 Section 5029(b)(5) of the Water Infrastructure Fi3 nance and Innovation Act of 2014 (33 U.S.C. 3908(b)(5)) 

4 is amended— 

5 (1) in subparagraph (B), by striking ‘‘The final 

6 maturity date’’ and inserting ‘‘Notwithstanding sub7 paragraphs (A) and (B), the final maturity date’’; 

8 (2) by redesignating subparagraph (B) as sub9 paragraph (C); and 

10 (3) by inserting after subparagraph (A) the fol11 lowing: 

12 ‘‘(B) PROJECTS WITH A USEFUL LIFE OF

13 MORE THAN 35 YEARS.—Notwithstanding sub14 paragraph (A), for a project with a useful life 

15 of more than 35 years (as determined by the 

16 Secretary or the Administrator, as applicable), 

17 the final maturity date of a secured loan under 

18 this section shall be not later than the earlier 

19 of— 

20 ‘‘(i) the date that is 55 years after the 

21 date of substantial completion of the rel22 evant project (as determined by the Sec23 retary or the Administrator, as applicable); 

24 and 


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1 ‘‘(ii) if the useful life of the project is 

2 less than 55 years, the useful life of the 

3 project.’’. 

4 SEC. 3. BUDGETARY TREATMENT OF CERTAIN AMOUNTS 

5 OF FINANCIAL ASSISTANCE. 

6 Subtitle C of title V of the Water Infrastructure Fi7 nance and Innovation Act of 2014 (33 U.S.C. 3901 et 

8 seq.) is amended by adding at the end the following: 

9 ‘‘SEC. 5036. BUDGETARY TREATMENT OF CERTAIN 

10 AMOUNTS OF FINANCIAL ASSISTANCE. 

11 ‘‘If the recipient of financial assistance for a project 

12 under this subtitle is an eligible entity other than a Fed13 eral entity, agency, or instrumentality, and the dedicated 

14 sources of repayment of that financial assistance are non15 Federal revenue sources, such financial assistance shall, 

16 for purposes of budgetary treatment under the Federal 

17 Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— 

18 ‘‘(1) be deemed to be non-Federal; and 

19 ‘‘(2) be treated as a direct loan or loan guar20 antee (as such terms are defined, respectively, in 

21 such Act).’’. 

Æ 


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