Legislation that would help ensure continued federal funding for the state’s Safe Drinking Water State Revolving Fund (SDWSRF) passed the Senate this week.
AB 1292, authored by Assembly Member Roger Hernández (D-Baldwin Park) and supported by ACWA, would authorize the California Infrastructure and Economic Development Bank to issue taxable or tax-exempt revenue bonds for deposit into the SDWSRF. The federal Safe Drinking Water Act requires a 20% match from the state, and these bond funds would be utilized to meet that federal requirement.
