H.R. 1710 · 114th Congress
Drought Resilience Investment Act of 2015
- Stage
- In committee
- Sponsor
- Jerry McNerney
- Introduced
- 2015-03-26
- Latest action
- 2015-03-27 · Referred to the Subcommittee on Water Resources and Environment.
Summary
Drought Resilience Investment Act of 2015
Amends the Water Resources Reform and Development Act of 2014 to exempt a water resources infrastructure project receiving federal credit assistance under the Water Infrastructure Finance and Innovation Act, that is carried out in a state during any period in which a state of drought declaration issued by the state's governor is in effect, from the prohibition against being financed with proceeds of any: (1) obligation that is tax exempt; or (2) qualified tax credit bond or a Build America Bond.
Specifies that a state of drought declaration shall remain in effect until the date on which the governor rescinds the declaration.
Terminates this Act on September 30, 2018.