SB 815
Permitting access to funding for public water utilities subject to PSC's jurisdiction
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill aims to increase funding for public water utilities in West Virginia by allowing the Water Development Authority to make loans and grants, including to non-governmental public utilities. It defines key terms, establishes procedures for collecting funds, and outlines requirements for maintaining utilities. The bill also addresses funding considerations for certain projects and provides access to distressed utilities accounts, ultimately supporting the rehabilitation and improvement of West Virginia’s water infrastructure.
Key provisions
- Permits the Water Development Authority to provide loans and grants to public water utilities, including non-governmental utilities.
- Defines key terms such as ‘public utility,’ ‘project,’ and ‘non-governmental public utility.’
- Establishes procedures for collecting money due to the Water Pollution Control Revolving Fund.
- Authorizes the Water Development Authority to make loans or grants from specific accounts to project sponsors.
- Requires maintenance of public utilities and allows them to lease or convey property to the Water Development Authority.
- Directs the Water Development Authority to rule-making regarding its operations.
- Addresses funding considerations for for-profit project sponsors and distressed utilities.
- Permits access to the Distressed Utilities Account for public utilities under certain circumstances.
Who is affected
- Public water utilities
- Local governments
- The Water Development Authority
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