,,ii  #aae? ,,congress  #b;d ,session   
,s4 #bcbi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,janu>y #bc1 #bjah,mr4 
,hoev5 7= himself & ,mr4 ,book]7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,environm5t & ,public ,works  ,a ,,bill 
,to reau?orize & am5d ! ,wat]           
,infra/ructure ,f9ance & ,innovation    
,act ( #bjad1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,wat] ,infra/ructure ,f9ance &          
,innovation ,reau?orization ,act (      
#bjah4  #b4 ,innovative f9anc+ pilot    
projects  7a7 ,au?ority ,to provide     
assi/ance ,section #ejbc ( ! ,wat]      
,infra/ructure ,f9ance & ,innovation    
,act ( #bjad 7#cc ,u4,s4,c4 #cijb7 is   
am5d$--  7#a7 9 subsection 7a71 by /rik+
 ,secret>y & !2 &  7#b7 by /rik+        
subsection 7b7 & ins]t+ ! foll[+3  7b7  
,requir$ approval ( c]ta9 projects by   
,secret>y  7#a7 ,9 g5]al ,! ,secret>y   
%all approve projects "u ?is subtitle t 
are eligible "u section #ejbf7a7 or1 z  

applicable1 section #ejbf7h74  7#b7     
,guidance ,! ,secret>y %all issue       
guidance on in=mation requir$ to be     
includ$ 9 applications = projects       
requir+ approval f ! ,secret>y "u ?is   
subsection4  4  7b7 ,applications       
,section #ejbd ( ! ,wat] ,infra/ructure 
,f9ance & ,innovation ,act ( #bjad 7#cc 
,u4,s4,c4 #cijc7 is am5d$--  7#a7 by    
/rik+ subsection 7a7 & ins]t+ ! foll[+3 
7a7 ,9 g5]al ,to receive assi/ance "u   
?is subtitle1 an eligible entity %all   
submit to ! ,adm9i/rator1 & ! ,secret>y1
 if applicable1 an application at su*   
"t1 9 su* mann]1 & conta9+ su* in=mation
 z ! ,adm9i/rator & ! ,secret>y1 if     
applicable may require4  2 &  7#b7 9    
subsection 7b71 by /rik+ ,secret>y or ! 
,adm9i/rator1 z applicable1 & ins]t+    
,adm9i/rator1 & ! ,secret>y1 if         
applicable14  7c7 ,det]m9ation (        
eligibility & project selection ,section
 #ejbh ( ! ,wat] ,infra/ructure ,f9ance 
& ,innovation ,act ( #bjad 7#cc         
,u4,s4,c4 #cijg7 is am5d$--  7#a7 9     

subsection 7a7-- 7,a7 9 p>agraph 7#a7-- 
7i7 9 subp>agraph 7,a71 by /rik+        
,secret>y or ! ,adm9i/rator1 z          
applicable1 ea* place x appe>s & ins]t+ 
,adm9i/rator2 &  7ii7 by /rik+ ,secret>y
 or ! ,adm9i/rator1 z applicable4 &     
ins]t+ ,adm9i/rator42  7,b7 9 p>agraph  
7#d77;,b71 by /rik+ ,secret>y or !      
,adm9i/rator1 z appropriate1 & ins]t+   
,adm9i/rator2  7,c7 9 p>agraph          
7#e77;,a71 by /rik+ ! ,adm9i/rator has  
au?ority "u p>agraph 7#b7 or 7#c7 (     
section #ejbc7;b7 & = :i*2 &  7,d7 by   
/rik+ p>agraph 7#f7 & ins]t+ ! foll[+3  
7#f7 ,op]ation & ma9t5ance plan ,!      
,adm9i/rator1 & ! ,secret>y1 if         
applicable1 %all det]m9e :e!r an        
applicant = assi/ance "u ?is subtitle   
has develop$1 & id5tifi$ adequate       
rev5ues to implem5t1 a plan = op]at+1   
ma9ta9+1 & repair+ ! project ov] !      
useful life ( ! project4  2 &  7#b7 9   
subsection 7b77#a71 by /rik+ ,secret>y  
or ! ,adm9i/rator1 z applicable1 &      
ins]t+ ,adm9i/rator4  7d7 ,secur$ loans 

,section #ejbi ( ! ,wat] ,infra/ructure 
,f9ance & ,innovation ,act ( #bjad 7#cc 
,u4,s4,c4 #cijh7 is am5d$--  7#a7 9     
subsection 7a7-- 7,a7 by /rik+ ,secret>y
 or ! ,adm9i/rator1 z applicable1 &     
ins]t+ ,adm9i/rator2 &  7,b7 9 p>agraph 
7#b71 by /rik+ ,secret>y or !           
,adm9i/rator1 z applicable & ins]t+     
,adm9i/rator2  7#b7 9 subsection 7b7--  
7,a7 9 p>agraph 7#a71 by /rik+ ,secret>y
 or ! ,adm9i/rator1 z applicable1 &     
ins]t+ ,adm9i/rator2  7,b7 9 p>agraph   
7#e77;,a77ii71 by /rik+ ,secret>y or !  
,adm9i/rator1 z applicable & ins]t+     
,adm9i/rator2 &  7,c7 9 p>agraph 7#g71  
by /rik+ ,secret>y or ! ,adm9i/rator1 z 
applicable1 ea* place x appe>s & ins]t+ 
,adm9i/rator2  7#c7 9 subsection 7c7--  
7,a7 9 p>agraph 7#a71 by /rik+ ,secret>y
 or ! ,adm9i/rator1 z applicable1 &     
ins]t+ ,adm9i/rator2  7,b7 9 p>agraph   
7#b77;,a71 by /rik+ ,secret>y or !      
,adm9i/rator1 z applicable & ins]t+     
,adm9i/rator2 &  7,c7 9 p>agraph 7#c7-- 
7i7 9 subp>agraph 7,a71 by /rik+        

,secret>y or ! ,adm9i/rator1 z          
applicable & ins]t+ ,adm9i/rator2 &     
7ii7 9 subp>agraph 7,c77i71 by /rik+    
,secret>y or ! ,adm9i/rator1 z          
applicable1 & ins]t+ ,adm9i/rator2  7#d7
 9 subsection 7d71 by /rik+ ,secret>y or
 ! ,adm9i/rator1 z applicable1 ea* place
 x appe>s & ins]t+ ,adm9i/rator2 &  7#e7
 9 subsection 7e7-- 7,a7 9 p>agraph     
7#a71 by /rik+ ,secret>y or !           
,adm9i/rator1 z applicable1 ea* place x 
appe>s & ins]t+ ,adm9i/rator2 &  7,b7 9 
p>agraph 7#b71 by /rik+ ,secret>y or !  
,adm9i/rator1 z applicable4 & ins]t+    
,adm9i/rator44  7e7 ,program            
adm9i/ration ,section #ejcj ( ! ,wat]   
,infra/ructure ,f9ance & ,innovation    
,act ( #bjad 7#cc ,u4,s4,c4 #ciji7 is   
am5d$--  7#a7 by /rik+ ,secret>y or !   
,adm9i/rator1 z applicable1 ea* place x 
appe>s & ins]t+ ,adm9i/rator2 &  7#b7 9 
subsection 7c7--  7,a7 by /rik+         
,secret>y or ! ,adm9i/rator1 z          
applicable4 ea* place x appe>s & ins]t+ 
,adm9i/rator42 &  7,b7 9 p>agraph 7#a71 

by /rik+ to assi/ ! ,secret>y or &      
ins]t+ to assi/4  7f7 ,regulations      
,section #ejcb ( ! ,wat] ,infra/ructure 
,f9ance & ,innovation ,act ( #bjad 7#cc 
,u4,s4,c4 #ciaa7 is am5d$--  7#a7 by    
/rik+ ,secret>y or ! ,adm9i/rator1 z    
applicable1 & ins]t+ ,adm9i/rator2 &    
7#b7 by /rik+ regulations z ! ,secret>y 
or & ins]t+ regulations z !4  7g7 ,fund+
 ,section #ejcc ( ! ,wat] ,infra/ructure
 ,f9ance & ,innovation ,act ( #bjad 7#cc
 ,u4,s4,c4 #ciab7 is am5d$--  7#a7 9    
subsection 7a7-- 7,a7 9 ! matt] prec$+  
p>agraph 7#a71 by /rik+ ea* ( !         
,secret>y &2  7,b7 9 p>agraph 7#d71 by  
/rik+ & at ! end2 &  7,c7 by /rik+      
p>agraph 7#e7 & ins]t+ ! foll[+3  7#e7  
#ij1jjj1jjj = fiscal ye> #bjai2  7#f7   
#ajj1jjj1jjj = fiscal ye> #bjbj2  7#g7  
#aaj1jjj1jjj = fiscal ye> #bjba2  7#h7  
#abj1jjj1jjj = fiscal ye> #bjbb2  7#i7  
#acj1jjj1jjj = fiscal ye> #bjbc2 &      
7#aj7 #adj1jjj1jjj = fiscal ye> #bjbd4  
2  7#b7 by r$esignat+ subsections 7b71  
7c71 & 7d7 z subsections 7c71 7d71 &    

7e71 respectively2  7#c7 by ins]t+ aft] 
subsection 7a7 ! foll[+3  7b7 ,project  
fund+ requirem5ts  7#a7 ,9 g5]al ,except
 z provid$ 9 p>agraph 7#b71 ( ! funds   
made available to c>ry out ?is          
subtitle-- 7,a7 #ej p]c5t ( ! funds %all
 be us$ = projects t require ! approval 
( ! ,secret>y "u section #ejbc7;b77#a72 
&  7,b7 #ej p]c5t ( ! funds %all be us$ 
= projects "u ?is subtitle n describ$ 9 
subp>agraph 7,a74  7#b7 ,reallocation ,=
 any fiscal ye>1 if am\nts = projects   
describ$ 9 p>agraph 7#a77;,a7 rema9     
available aft] receiv+ all applications 
submitt$ "u section #ejbd1 !            
,adm9i/rator may reallocate ! am\nts to 
be us$ = projects describ$ 9 p>agraph   
7#a77;,b74  2  7#d7 9 subsection 7c7 7z 
s r$esignat$71 by /rik+ ! ,secret>y or !
 ,adm9i/rator & all t foll[s ?r\gh !    
p]iod at ! end & ins]t+ ! ,adm9i/rator  
may use = ! adm9i/ration ( ?is subtitle1
 includ+ = ! provision ( te*nical       
assi/ance to aid project sponsors 9     
obta9+ ! necess>y approvals = ! project1

 n m ?an #c1jjj1jjj = ea* ( fiscal ye>s 
#bjae ?r\gh #bjbd42  7#e7 9 subsection  
7d7 7z s r$esignat$71 by /rik+ ,secret>y
 or ! ,adm9i/rator1 z applicable1 ea*   
place x appe>s & ins]t+ ,adm9i/rator2 & 
7#f7 9 subsection 7e7 7z s r$esignat$71 
by /rik+ ,secret>y or ! ,adm9i/rator1 z 
applicable1 & ins]t+ ,adm9i/rator4  7h7 
,reports on pilot program implem5tation 
,section #ejcd ( ! ,wat] ,infra/ructure 
,f9ance & ,innovation ,act ( #bjad 7#cc 
,u4,s4,c4 #ciac7 is am5d$--  7#a7 9     
subsection 7a71 9 ! matt] prec$+        
p>agraph 7#a71 by /rik+ ! ,secret>y &2 &
  7#b7 9 subsection 7b7--  7,a7 9       
p>agraph 7#a71 by /rik+ #d ye>s aft] !  
date ( enactm5t ( ?is ,act & ins]t+ #b  
ye>s aft] ! date ( enactm5t ( ! ,wat]   
,infra/ructure ,f9ance & ,innovation    
,reau?orization ,act ( #bjah2 &  7,b7 9 
p>agraph 7#b77;,b77i71 by /rik+         
,secret>y or ! ,adm9i/rator1 z          
applicable1 & ins]t+ ,adm9i/rator4