H.R. 6985 · 117th Congress
Financing Lead Out of Water Act of 2022
- Stage
- In committee
- Sponsor
- Daniel Kildee
- Introduced
- 2022-03-08
- Latest action
- 2022-03-08 · Introduced in House
Summary
Financing Lead Out of Water Act of 2022
This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.