A Look at
H.R. 3930
- Ken Harlow
SoCal Water Resources News
H.R. 3930, introduced in the House
on March 12, 2002, parallels S.1961, introduced in the Senate on
February 15 (see analysis of S. 1961 here).
Like S.1961, H.R. 3930 authorizes
funding for State Revolving Loan programs. Its scope is more
limited as it addresses only pollution control revolving funds;
thus its funding level is $20 billion as opposed to S.1961's $35
billion. The Bush administration has already announced its
opposition to H.R. 3930, saying the price tag is too high and
homeland security comes first.
Again like S.1961, H.R. 3930 has
some asset management implications, but they are much briefer and
less clear than those in the Senate bill. Specifically, loan
eligibility requirements would now include the need to:
". . .develop and implement
a plan for maintaining, repairing, and, as necessary, replacing
any infrastructure to be constructed with assistance under this
title, and for funding such maintenance, repair, and
replacement."
This would imply long-range capital
R&R planning, and (evidently) moving to a rate structure with
an adequate capital recovery component. However, these
requirements are spelled out in much more detail in S.1961.
See the complete bill here.
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