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EPA/OW RIN: 2040-AF63 Publication ID: Fall 2016 
Title: Credit Assistance for Water Infrastructure Projects 
Abstract:

The EPA is taking this action to implement the Water Infrastructure Finance and Innovation Act (WIFIA) program. WIFIA was passed as part of the Water Resources Reform and Development Act of 2014, Pub. L. 113-121. This action will establish guidelines for the application process, selection criteria, and project selection, as well as define threshold requirements for credit assistance, limits on credit assistance, reporting requirements, collection of fees and the application of other Federal statutes.

 
Agency: Environmental Protection Agency(EPA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: Undetermined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 33 U.S.C. 3901 et seq. WRDDA   
Legal Deadline:  None

Statement of Need:

EPA plans to issue an interim final rule that establishes the guidelines for a new credit assistance program for water infrastructure projects and the process by which EPA will administer such credit assistance. The rule will implement a new program authorized under the Water Infrastructure Finance and Innovation Act of 2014 (WIFIA). WIFIA authorizes EPA to provide secured (direct) loans and loan guarantees to eligible water infrastructure projects. Following project selection by the EPA Administrator, individual credit agreements will be developed through negotiations between the project sponsors and EPA. The interim final rule primarily restates and clarifies statutory language while establishing approaches to specific procedural issues left to EPA's discretion.

Summary of the Legal Basis:

The Water Infrastructure Finance and Innovation Act (WIFIA) program authorizes EPA to provide secured (direct) loans and loan guarantees to eligble water infrastructure projects. WIFIA was passed as part of the Water Resources Reform and Development Act of 2014, Pub. L. 113-121.

Alternatives:

To Be Determined

Anticipated Costs and Benefits:

To Be Determined

Risks:

To Be Determined

Timetable:
Action Date FR Cite
Interim Final Rule  11/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: Yes 
RIN Data Printed in the FR: No 
Agency Contact:
Karen Fligger
Environmental Protection Agency
Office of Water
4204M, 1200 Pennsylvania Avenue, NW,
Washington, DC 20460
Phone:202 564-2992
Email: fligger.karen@epa.gov