This bill changes how certain federal water infrastructure loans are counted in the budget. If a project gets help through the WIFIA program and the borrower is not part of the federal government, and they plan to repay the loan using non-federal money, then that assistance will be treated as non-federal and counted as a direct loan or loan guarantee under federal credit rules .

In plain terms, it clarifies the rules for how these loans are handled on paper. This can make it clearer and more consistent for non-federal borrowers using WIFIA to finance water projects, as long as they’re paying back with non-federal funds .

• Key points:
  • Who is affected: Eligible, non-federal recipients of WIFIA assistance for water projects .
  • What changes: Their assistance is treated as non-federal and counted as a direct loan or loan guarantee for budget purposes .
  • When: The bill amends existing law to apply this budget treatment; timing beyond that isn’t specified in the text provided .