SB476: Relating to permissible expenditures by Water Development Authority from Infrastructure Fund

Legislative Summary

The purpose of this bill is to increase permissible expenditures by the Water Development Authority from the Infrastructure Fund; modify the upper limit of funds which may be transferred to sub account; raising the cap on total project costs for certain facilities for use of Critical Needs and Failing Systems Sub Account funding; and allow the authority to grant infrastructure grant money from the Critical Needs and Failing Systems Sub Account to certain projects for the upgrading of a water facility or wastewater facility to reduce maintenance costs, operations costs, or waterline leakages.