SEC. 2. CLARIFICATION REGARDING SMALL COMMUNITIES. 
(a) DEFINITIONS.—Section 5022 of the Water Re-
sources Reform and Development Act of 2014 (33 U.S.C. 
3901) is amended— 
(1) by redesignating paragraphs (11) through 
(15) as paragraphs (13) through (17), respectively; 
(2) by redesignating paragraph (10) as para-
graph (11); 
(3) by inserting after paragraph (9) the fol-
lowing: 
‘‘(10) RURAL
WATER
PROJECT.—The term 
‘rural water project’ includes— 
‘‘(A) a rural water supply project author-
ized under the Reclamation Rural Water Sup-
ply 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), for a federally recognized Indian 
Tribe; and 
‘‘(C) any rural water project or rural water 
supply project authorized under— 
‘‘(i) section 1110 of title XI of divi-
sion FF of the Consolidated Appropria-
tions Act, 2021 (Public Law 116–260); or 
‘‘(ii) any other Federal law.’’; and 
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(4) by inserting after paragraph (11), as so re-
designated, the following: 
‘‘(12) SMALL
COMMUNITY.—The term ‘small 
community’ means a city, town, or unincorporated 
area that has a population of not more than 25,000 
inhabitants.’’. 
(b) 
CONFORMING
AMENDMENT.—Section 
5028(a)(2)(B) of the Water Resources Reform and Devel-
opment Act of 2014 (33 U.S.C. 3907(a)(2)(B)) is amend-
ed by striking ‘‘a community of not more than 25,000 in-
dividuals’’ and inserting ‘‘a small community’’. 
SEC. 3. CLARIFYING ELIGIBILITY FOR CERTAIN PROJECTS. 
The Water Infrastructure Finance and Innovation 
Act of 2014 (33 U.S.C. 3901 et seq.) is amended— 
(1) 
in 
section 
5023(b)(3) 
(33 
U.S.C. 
3902(b)(3)), by striking ‘‘under paragraph (8) or 
(10)’’ and inserting ‘‘under paragraphs (8), (10), 
(11), (12), or (13)’’; and 
(2) in section 5026 (33 U.S.C. 3905)— 
(A) in paragraph (10), by striking ‘‘or (8)’’ 
and inserting ‘‘(8), (11), (12), or (13)’’; and 
(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 Infra-
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structure Improvements for the Nation Act (43 
U.S.C. 390b note)). 
‘‘(12) Transferred works (as such term is de-
fined in section 9601 of the Omnibus Public Land 
Management Act of 2009 (43 U.S.C. 510)). 
‘‘(13) A congressionally authorized water re-
sources development project that is owned or oper-
ated by a non-Federal entity.’’. 
SEC. 4. COLLABORATIVE PROJECT DELIVERY METHODS. 
(a) IN GENERAL.—Section 5028 of the Water Infra-
structure Finance and Innovation Act of 2014 (33 U.S.C. 
3907) is amended— 
(1) by redesignating subsection (c) as sub-
section (d); and 
(2) by inserting after subsection (b) the fol-
lowing: 
‘‘(c) COLLABORATIVE PROJECT DELIVERY METH-
ODS.— 
‘‘(1) AUTHORIZATION.—The Secretary or the 
Administrator, as applicable, may select, in accord-
ance with this section, a project to be carried out 
using a collaborative project delivery method (con-
sistent with any applicable State or local law), in-
cluding a construction management at-risk method 
and a design-build method. 
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‘‘(2) DEFINITIONS.—In this subsection: 
‘‘(A) COLLABORATIVE PROJECT DELIVERY 
METHOD.—The term ‘collaborative project de-
livery method’ means a method for carrying out 
a capital project that involves close collabora-
tion among the eligible entity, the owner of the 
project (if different from the eligible entity), the 
designer of the project, and the contractor for 
the project, from design through completion of 
construction. 
‘‘(B) CONSTRUCTION
MANAGEMENT
AT- 
RISK METHOD.—The term ‘construction man-
agement at-risk method’ means a collaborative 
project delivery method in which an engineering 
firm and a construction management at-risk 
firm are retained under 2 separate contracts for 
design and construction, respectively. 
‘‘(C) DESIGN-BUILD METHOD.—The term 
‘design-build method’ means a collaborative 
project delivery method under which a single 
lead contract is entered into with a design- 
builder for design and construction.’’. 
(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 
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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 de-
livery methods in projects carried out using assist-
ance received under the Water Infrastructure Fi-
nance and Innovation Act of 2014 (33 U.S.C. 3901 
et seq.); 
(2) determines barriers to increased use of col-
laborative project delivery methods in such projects; 
(3) assesses the potential benefits of using col-
laborative project delivery methods in such projects; 
and 
(4) identifies areas of need to educate agency 
staff in collaborative project delivery method imple-
mentation and best practices. 
SEC. 5. MATURITY DATE. 
Section 5029(b)(5) of the Water Infrastructure Fi-
nance and Innovation Act of 2014 (33 U.S.C. 3908(b)(5)) 
is amended— 
(1) in subparagraph (B), by striking ‘‘The final 
maturity date’’ and inserting ‘‘Notwithstanding sub-
paragraphs (A) and (B), the final maturity date’’; 
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(2) by redesignating subparagraph (B) as sub-
paragraph (C); and 
(3) by inserting after subparagraph (A) the fol-
lowing: 
‘‘(B) PROJECTS WITH A USEFUL LIFE OF 
MORE THAN 35 YEARS.—Notwithstanding sub-
paragraph (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 rel-
evant project (as determined by the Sec-
retary 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.’’. 
SEC. 6. REAUTHORIZATION OF CORPS OF ENGINEERS 
WATER INFRASTRUCTURE FINANCING FUND-
ING. 
Section 5033 of the Water Resources Reform and De-
velopment Act of 2014 (33 U.S.C. 3912) is amended— 
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(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 Ad-
ministrator’’ and inserting ‘‘the Secretary or the Ad-
ministrator, as applicable,’’. 
SEC. 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.) is amended by add-
ing at the end the following: 
‘‘SEC. 
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 Fed-
eral entity, agency, or instrumentality, and the dedicated 
sources of repayment of that financial assistance are non- 
Federal revenue sources, such financial assistance shall, 
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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 guar-
antee (as such terms are defined, respectively, in 
such Act).’’. 
SEC. 8. CORPS WATER INFRASTRUCTURE FINANCING PRO-
GRAM 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 Infra-
structure Finance and Innovation Act of 2014 (33 U.S.C. 
3911), to carry out such Act (33 U.S.C. 3901 et seq.). 
SEC. 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 Con-
gress a report on the implementation of— 
(1) section 4301 of America’s Water Infrastruc-
ture Act of 2018 (33 U.S.C. 3909 note); and 
(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)) pursu-
ant to such section 4301. 
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(b) CORPS OF ENGINEERS REPORT.—Not later than 
1 year after the date of enactment of this Act, the Sec-
retary 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.), in-
cluding issues pertaining to such implementation with re-
spect to levees and congressionally authorized projects de-
scribed in section 5026(1) of such Act. 
(c) GAO REPORT.—Section 5034(b) of the Water In-
frastructure Finance and Innovation Act of 2014 (33 
U.S.C. 3913(b)) is amended— 
(1) in paragraph (1), by striking ‘‘Not later 
than 3 years after the date of enactment of the 
Water Resources Development Act of 2018’’ and in-
serting ‘‘Not later than 4 years after the date of en-
actment of the Water Infrastructure Finance and 
Innovation Act Amendments of 2022’’; and 
(2) in paragraph (2)— 
(A) by redesignating subparagraphs (B) 
and (C) as subparagraphs (C) and (D), respec-
tively, and inserting after subparagraph (A) the 
following: 
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‘‘(B) an evaluation of the implementation 
of this subtitle by the Secretary;’’; and 
(B) in subparagraph (D) (as so redesig-
nated)— 
(i) by inserting ‘‘evaluations and’’ be-
fore ‘‘recommendations’’; and 
(ii) by striking ‘‘subparagraphs (A) 
and (B)’’ and inserting ‘‘subparagraphs 
(A), (B), and (C)’’. 
SEC. 10. TECHNICAL AND CONFORMING AMENDMENTS. 
The Water Resources Reform and Development Act 
of 2014 (33 U.S.C. 2201 et seq.) is amended— 
(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’’; and 
(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’’; and 
(3) in section 5022(12), by striking ‘‘et.’’ and 
inserting ‘‘et’’. 
Æ 
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