(k) AUTHORIZATION OF APPROPRIATIONS.—There is
authorized to be appropriated out of the Infrastructure
Now 
For 
America’s-Tomorrow 
Trust 
Fund
$1,000,000,000 per fiscal year for each of fiscal years
1994, 1995, and 1996 to carry out this section.
SEC. 104. ENVIRONMENTAL IMPROVEMENT PROJECTS.
(a) GRANTS.—The Administrator of the Environ-
mental Protection Agency shall make grants to States and
units of local government for environmental improvement
projects, including projects for the construction, recon-
struction, repair, and rehabilitation of wastewater treat-
ment works.
(b) APPLICATIONS.—A State or unit of local govern-
ment shall be eligible to receive a grant under this section
only if the State or unit of local government submits to
the Administrator an application which is in such form
and contains such information as the Administrator may
require.
(c) FEDERAL SHARE.—The Federal share of the cost
of a project to be carried out by a State or unit of local
government using amounts from grants made available
under this section shall not exceed 80 percent.
(d) LOANS TO COVER NON-FEDERAL SHARE.—
(1) IN
GENERAL.—The Administrator may
make loans to a State or unit of local government
receiving a grant for a project under this section to
assist the State or unit of local government in cover-
ing the non-Federal share of the cost of the project.
(2) TERMS AND CONDITIONS.— A loan made
under this subsection shall be subject to such terms
and conditions as the Administrator may prescribe.
(3) INTEREST RATE.—A loan made under this
subsection shall bear interest at a rate to be deter-
mined by the Administrator. Such rate shall be at
or below the current average market yield on out-
standing marketable obligations of the United States
with remaining periods to maturity comparable to
the term of the loan.
(4) MAXIMUM TERM.—A loan made under this
subsection shall be repaid in full on or before (A)
the date of completion of the project for which the
loan was made, or (B) the last day of the 2-year pe-
riod beginning on the date of issuance of the loan,
whichever occurs first.
(5) REPAYMENTS.—Repayments on a loan
made under this subsection in a fiscal year shall be
deposited into the Infrastructure Now For Ameri-
ca’s-Tomorrow Trust Fund and shall be available to
the Administrator for making grants under this sec-
tion in succeeding fiscal years.
(e) MINIMUM AMOUNT FOR PROJECTS IN METRO-
POLITAN AREAS.—Not less than 20 percent of the aggre-
gate amount made available in a fiscal year to carry out
this section shall be used to make grants and loans for
projects located in (or otherwise for the benefit of) the
50 largest metropolitan areas in population, as determined
by the Administrator using the most recent information
available from the Bureau of the Census.
(f) AVAILABILITY FOR OBLIGATION.—Funds granted
to a State or unit of local government under this section
shall remain available for obligation by the State or unit
of local government until the last day of the 2nd fiscal
year beginning after the fiscal year in which the State or
unit of local government receives such funds. Funds not
obligated by the last day of such 2nd fiscal year shall be
used by the Administrator to make grants and loans to
other States and units of local government under this sec-
tion in the first 60 days of the following fiscal year.
(g) MAINTENANCE OF EFFORT.—No grant may be
made to a State or unit of local government under this
section unless the State or unit of local government enters
into such agreements with the Administrator as the Ad-
ministrator may require to ensure that the State or unit
of local government will maintain its aggregate expendi-
tures from all other sources for activities eligible for
grants under this section at or above the average level of
such expenditures in the 2 fiscal years preceding the date
of the enactment of this Act.
(h) REPORTING REQUIREMENT.—Each State and
unit of local government receiving a grant under this sec-
tion shall report to the Administrator on an annual basis
concerning the use of such grant.
(i) WASTEWATER TREATMENT WORKS DEFINED.—
For the purposes of this section, the term ‘‘wastewater
treatment works’’ has the meaning the term ‘‘treatment
works’’ has under section 212 of the Federal Water Pollu-
tion Control Act.
(j) AUTHORIZATION OF APPROPRIATIONS.—There is
authorized to be appropriated out of the Infrastructure
Now 
For 
America’s-Tomorrow 
Trust 
Fund
$1,000,000,000 per fiscal year for each of fiscal years
1994, 1995, and 1996 to carry out this section.
SEC. 105. GENERAL LIMITATIONS.
(a) ACQUISITION OF LAND.—No part of any grant
made under this Act may be used for the acquisition of
any interest in real property.
(b) MAINTENANCE COSTS.—Nothing in this Act shall
be construed to authorize the payment of maintenance
costs in connection with any project constructed (in whole
or in part) with Federal financial assistance under this
Act.
(c) NON-FEDERAL
SHARE.—Funds from grants
made available under this Act may not be used to meet
non-Federal share requirements under any other law.
(d) BUY AMERICAN.—If a project carried out with
funds from grants made available under this Act would
be eligible for Federal financial assistance under provi-
sions of law other than this Act and, under such other
provisions of law, would be subject to title III of the Act
of March 3, 1933, popularly known as the Buy American
Act, or similar requirements, such project shall be subject
to such title of such Act of March 3, 1933, or such similar
requirements under this Act in the same manner and to
the same extent as such project would be subject to such
title of such Act of March 3, 1933, or such similar require-
ments under such other provisions of law.
(e) MINORITY PARTICIPATION.—If a project carried
out with funds from grants made available under this Act
would be eligible for Federal financial assistance under
provisions of law other than this Act and, under such
other provisions of law, would be subject to any minority
participation requirement, such project shall be subject to
such requirement under this Act in the same manner and