Water Infrastructure Finance and Innovation Act Amendments of 2022

To reauthorize the Water Infrastructure Finance and Innovation Act of 2014, and for other purposes. 1. Short title This Act may be cited as the Water Infrastructure Finance and Innovation Act Amendments of 2022 2. Clarification regarding small communities (a) Definitions Section 5022 of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 3901 (1) by redesignating paragraphs (11) through (15) as paragraphs (13) through (17), respectively; (2) by redesignating paragraph (10) as paragraph (11); (3) by inserting after paragraph (9) the following: (10) Rural water project The term rural water project (A) a rural water supply project authorized under the Reclamation Rural Water Supply Act of 2006 ( 43 U.S.C. 2401 (B) any project authorized under part III of subtitle A of title X of the Omnibus Public Land Management Act of 2009 ( Public Law 111–11 (C) any rural water project or rural water supply project authorized under— (i) section 1110 of title XI of division FF of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 (ii) any other Federal law. ; and (4) by inserting after paragraph (11), as so redesignated, the following: (12) Small community The term small community . (b) Conforming amendment Section 5028(a)(2)(B) of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 3907(a)(2)(B) a community of not more than 25,000 individuals a small community 3. Clarifying eligibility for certain projects The Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq. (1) in section 5023(b)(3) ( 33 U.S.C. 3902(b)(3) under paragraph (8) or (10) under paragraphs (8), (10), (11), (12), or (13) (2) in section 5026 ( 33 U.S.C. 3905 (A) in paragraph (10), by striking or (8) (8), (11), (12), or (13) (B) by adding at the end the following: (11) A State-led storage project (as such term is defined in section 4007(a) of the Water Infrastructure Improvements for the Nation Act ( 43 U.S.C. 390b (12) Transferred works (as such term is defined in section 9601 of the Omnibus Public Land Management Act of 2009 ( 43 U.S.C. 510 (13) A congressionally authorized water resources development project that is owned or operated by a non-Federal entity. . 4. Collaborative project delivery methods (a) In general Section 5028 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3907 (1) by redesignating subsection (c) as subsection (d); and (2) by inserting after subsection (b) the following: (c) Collaborative project delivery methods (1) Authorization The Secretary or the Administrator, as applicable, may select, in accordance with this section, a project to be carried out using a collaborative project delivery method (consistent with any applicable State or local law), including a construction management at-risk method and a design-build method. (2) Definitions In this subsection: (A) Collaborative project delivery method The term collaborative project delivery method (B) Construction management at-risk method The term construction management at-risk method (C) Design-build method The term design-build method . (b) Study on the use of collaborative project delivery methods Not later than 180 days after the date of enactment of this Act, the Administrator of the Environmental Protection Agency, in coordination with the Regional Administrators, and the Secretary of the Army, acting through the Chief of Engineers, shall carry out, and make public the results of, a study that— (1) evaluates the use of collaborative project delivery methods in projects carried out using assistance received under the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq. (2) determines barriers to increased use of collaborative project delivery methods in such projects; (3) assesses the potential benefits of using collaborative project delivery methods in such projects; and (4) identifies areas of need to educate agency staff in collaborative project delivery method implementation and best practices. 5. Maturity date Section 5029(b)(5) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3908(b)(5) (1) in subparagraph (B), by striking The final maturity date Notwithstanding subparagraphs (A) and (B), the final maturity date (2) by redesignating subparagraph (B) as subparagraph (C); and (3) by inserting after subparagraph (A) the following: (B) Projects with a useful life of more than 35 years Notwithstanding subparagraph (A), for a project with a useful life of more than 35 years (as determined by the Secretary or the Administrator, as applicable), the final maturity date of a secured loan under this section shall be not later than the earlier of— (i) the date that is 55 years after the date of substantial completion of the relevant project (as determined by the Secretary or the Administrator, as applicable); and (ii) if the useful life of the project is less than 55 years, the useful life of the project. . 6. Reauthorization of Corps of Engineers water infrastructure financing funding Section 5033 of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 3912 (1) by amending subsection (a)(3) to read as follows: (3) Fiscal years 2022 through 2026 There is authorized to be appropriated to carry out this subtitle, to remain available until expended— (A) $50,000,000 to the Administrator for each of fiscal years 2022 through 2026; and (B) such sums as may be necessary to the Secretary for each of fiscal years 2022 through 2026. ; and (2) in subsection (b)(2), by striking the Administrator the Secretary or the Administrator, as applicable, 7. Budgetary treatment of certain amounts of financial assistance The Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq. 5037. Budgetary treatment of certain amounts of financial assistance If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq. (1) be deemed to be non-Federal; and (2) be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act). . 8. Corps Water Infrastructure Financing Program regulations Not later than 1 year after the date of enactment of this Act, the Secretary of the Army, acting through the Chief of Engineers, shall publish in the Federal Register a final rule, pursuant to section 5032 of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3911 33 U.S.C. 3901 et seq. 9. Reports to Congress (a) EPA report Not later than 1 year after the date of enactment of this Act, the Administrator of the Environmental Protection Agency shall submit to Congress a report on the implementation of— (1) section 4301 of America’s Water Infrastructure Act of 2018 ( 33 U.S.C. 3909 (2) any agreement entered into under section 5030(g) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3909(g) (b) Corps of Engineers report Not later than 1 year after the date of enactment of this Act, the Secretary of the Army, acting through the Chief of Engineers, shall submit to Congress a report on the implementation of the Corps Water Infrastructure Financing Program carried out pursuant to the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3901 et seq. (c) GAO report Section 5034(b) of the Water Infrastructure Finance and Innovation Act of 2014 ( 33 U.S.C. 3913(b) (1) in paragraph (1), by striking Not later than 3 years after the date of enactment of the Water Resources Development Act of 2018 Not later than 4 years after the date of enactment of the Water Infrastructure Finance and Innovation Act Amendments of 2022 (2) in paragraph (2)— (A) by redesignating subparagraphs (B) and (C) as subparagraphs (C) and (D), respectively, and inserting after subparagraph (A) the following: (B) an evaluation of the implementation of this subtitle by the Secretary; ; and (B) in subparagraph (D) (as so redesignated)— (i) by inserting evaluations and recommendations (ii) by striking subparagraphs (A) and (B) subparagraphs (A), (B), and (C) 10. Technical and conforming amendments The Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 2201 et seq. (1) in section 1(b)— (A) in the item relating to the heading for subtitle C of title V, by striking Pilot (B) in the item relating to section 5034, by striking pilot (C) by inserting after the item relating to section 5035 the following: 5036. Outreach plan. 5037. Budgetary treatment of certain amounts of financial assistance. ; (2) in the heading for subtitle C of title V, by striking Pilot (3) in section 5022(12), by striking et. et

Summary: Water Infrastructure Finance and Innovation Act Amendments of 2022 This bill expands and modifies the Water Infrastructure and Innovation Act (WIFIA) loan program by, for example, expanding eligibility to state water storage projects, transferred works, and certain nonfederally owned projects. WIFIA provides credit assistance through secured or direct loans for water infrastructure projects.