Expand Local Government Access to Private Funds for Water Infrastructure Projects
Washington, D.C. – November 5, 2015 – (RealEstateRama) — Congressman Keith Rothfus [PA-12] cosponsored the Sustainable Water Infrastructure Act of 2015 (H.R. 499) to allow local governments to more easily access private funds for waste water and water infrastructure projects. Specifically, the bill would provide parity for waste water and water infrastructure projects funded with Public Activity Bonds (PAB) by uncapping the amount that municipalities can issue.
The U.S. Environmental Protection Agency estimates that $682 billion in infrastructure improvements are needed during the next twenty years in order to meet their safe drinking water and sanitation standards.
Mayor Donald L. Kinosz of the City of Lower Burrell supports Congressman Rothfus’ efforts on this legislation. Kinosz has serious concerns about the costs and burdens these EPA regulations are putting on his community. “We all favor clean streams. However, with rapidly rising healthcare and pension costs, we are not in a financial position to implement the requirements being placed on cities such as ours by regulatory agencies,” said Mayor Kinosz.
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