HR3035-119

1. Short title This Act may be cited as the Restoring WIFIA Eligibility Act.

2. Budgetary treatment of certain amounts of financial assistance Subtitle C of title V of the Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3901 et seq.) is amended by adding at the end the following: If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— be deemed to be non-Federal; and be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act). 5037.Budgetary treatment of certain amounts of financial assistanceIf the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— (1)be deemed to be non-Federal; and (2)be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act)..

5037. Budgetary treatment of certain amounts of financial assistance If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, such financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— be deemed to be non-Federal; and be treated as a direct loan or loan guarantee (as such terms are defined, respectively, in such Act).