S. 4921 · 117th Congress
Financing Lead Out of Water Act of 2022
- Stage
- In committee
- Sponsor
- Michael Bennet
- Introduced
- 2022-09-22
- Latest action
- 2022-09-22 · Introduced in Senate
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.