Garamendi’s bill bolsters federal financing for California water storage
Congressman John Garamendi (D-CA-03) introduced legislation (H.R. 2979) making low interest federal financing available for reservoir and drought resiliency projects, with Congressman Dan Newhouse (R-WA-04) as the original cosponsor. This bipartisan legislation (H.R. 2979) would amend the Water Infrastructure Finance and Innovation Act (WIFIA) of 2014 to make public water projects like the off-stream Sites Reservoir Project eligible for low interest, longer term federal loans from the U.S. Environmental Protection Agency.
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