S. 726 · 118th Congress
Financing Lead Out of Water Act of 2023
- Stage
- In committee
- Sponsor
- Michael Bennet
- Introduced
- 2023-03-09
- Latest action
- 2023-03-09 · Introduced in Senate
Summary
Financing Lead Out of Water Act of 2023
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.