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House Transportation and Infrastructure Committee hearing stresses loan benefits of Clean Water State Revolving Fund
Summary
Witnesses told the House Transportation and Infrastructure Committee that the Clean Water State Revolving Fund’s low-interest loans can be leveraged to finance more projects than one-time grants, but acknowledged some rural communities still need grant assistance.
At a House Transportation and Infrastructure Committee hearing, committee members and witnesses debated whether the Clean Water State Revolving Fund (SRF), which provides low-interest loans to rural cities for water projects, should be converted into federal grants.
The issue matters because the SRF’s revolving-loan structure can multiply initial federal capital into larger pools for multiple projects, while one-time grants provide immediate relief but do not replenish a…
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