Water Infrastructure Finance and Innovation Reauthorization Act of 2017

To reauthorize and amend the Water Infrastructure Finance and Innovation Act of 2014. 1. Short title This Act may be cited as the Water Infrastructure Finance and Innovation Reauthorization Act of 2017 2. Innovative financing pilot projects (a) Authority To provide assistance Section 5023 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3902 (1) in subsection (a), by striking Secretary and the (2) by amending subsection (b) to read as follows: (b) Required approval of certain projects by Secretary (1) Approval The Secretary shall approve projects under this subtitle that are eligible under section 5026(1) or, as appropriate, section 5026(8). (2) Guidance The Secretary shall issue guidance on information required to be included in applications for projects requiring approval from the Secretary under this subsection. . (b) Applications Section 5024 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3903 (1) by amending subsection (a) to read as follows: (a) In general To receive assistance under this subtitle, an eligible entity shall submit to the Administrator, and the Secretary, if applicable, an application at such time, in such manner, and containing such information as the Administrator, and the Secretary, if applicable, may require. ; and (2) in subsection (b), by striking Secretary or the Administrator, as applicable, Administrator, and the Secretary, if applicable, (c) Determination of eligibility and project selection Section 5028 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3907 (1) in subsection (a)— (A) in paragraph (1)— (i) by striking Secretary or the Administrator, as applicable. Administrator. (ii) by striking Secretary or the Administrator, as applicable, Administrator (B) in paragraph (5)(A), by striking the Administrator has authority under paragraph (2) or (3) of section 5023(b) and for which (C) by amending paragraph (6) to read as follows: (6) Operation and maintenance plan The Administrator, and the Secretary, if applicable, shall determine whether an applicant for assistance under this subtitle has developed, and identified adequate revenues to implement, a plan for operating, maintaining, and repairing the project over the useful life of the project. ; and (2) in subsection (b)(1), by striking Secretary or the Administrator, as applicable, Administrator and the Secretary (d) Secured loans Section 5029 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3908 (1) in subsection (a)(2), by striking Secretary or the Administrator, as applicable Administrator (2) in subsection (b)— (A) in paragraph (1), by striking Secretary or the Administrator, as applicable, Administrator (B) in paragraph (7), by striking Secretary or the Administrator, as applicable, Administrator (3) in subsection (c)— (A) in paragraph (1), by striking Secretary or the Administrator, as applicable, Administrator (B) in paragraph (3)— (i) in subparagraph (A), by striking Secretary or the Administrator, as applicable Administrator (ii) in subparagraph (C), by striking Secretary or the Administrator, as applicable, Administrator (4) in subsection (d), by striking Secretary or the Administrator, as applicable, Administrator (5) in subsection (e)— (A) in paragraph (1), by striking Secretary or the Administrator, as applicable, Administrator (B) in paragraph (2), by striking Secretary or the Administrator, as applicable. Administrator. (e) Program administration Section 5030 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3909 (1) by striking Secretary or the Administrator, as applicable, Administrator (2) by striking Secretary or the Administrator, as applicable. Administrator. (3) in subsection (c)(1), by striking to assist the Secretary or to assist (f) Funding Section 5033 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3912 (1) in subsection (a)— (A) in the matter preceding paragraph (1), by striking each of the Secretary and (B) in paragraph (4) by striking and (C) by striking paragraph (5) and inserting the following: (5) $90,000,000 for fiscal year 2019; (6) $100,000,000 for fiscal year 2020; (7) $110,000,000 for fiscal year 2021; (8) $120,000,000 for fiscal year 2022; (9) $130,000,000 for fiscal year 2023; and (10) $140,000,000 for fiscal year 2024. ; (2) in subsection (b), by striking $2,200,000 for each of fiscal years 2015 through 2019 $3,000,000 for each of fiscal years 2015 through 2024 (3) by striking Secretary or the Administrator, as applicable, Administrator (g) Reports on pilot program implementation Section 5034 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3913 (1) in subsection (a), by striking the Secretary and (2) in subsection (b)— (A) in paragraph (1), by striking 4 years after the date of enactment of this Act 2 years after the date of enactment of the Water Infrastructure Finance and Innovation Reauthorization Act of 2017 (B) in paragraph (2)(B)(i), by striking Secretary or the Administrator, as applicable, Administrator

Summary: Water Infrastructure Finance and Innovation Reauthorization Act of 2017 This bill amends the Water Infrastructure Finance and Innovation Act of 2014 to: (1) exclude the U.S. Army Corps of Engineers from specified activities that it currently carries out in conjunction with the the Environmental Protection Agency (EPA), and (2) increase and extend funding through FY2024. The Corps shall approve specified water infrastructure projects and issue guidance on information required to be included in applications for projects requiring its approval. The EPA (currently, the Corps and the EPA): may enter into agreements to make secured loans, and shall establish a uniform system to service the federal credit instruments made available; may collect and spend fees, subject to specified limitations, and may appoint a financial entity to assist in servicing the federal credit instruments; shall set aside for each fiscal year at least 15% of the amounts made available for that fiscal year for small community water infrastructure projects; and shall publish pilot program implementation reports on a public Internet site. The bill modifies the date of the Government Accountability Office report to Congress on&nbsp;&nbsp;projects receiving assistance under the Act.