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VI Supports SRF WIN ACT
VI has joined the Water Infrastructure Network (WIN) in calling on Congress to support efforts to advance the Securing Required Funding for Water Infrastructure Now Act (SRF WIN Act). The bill is currently in the Senate and would provide states with over $50 billion over the next five years for improvements to rural and urban water infrastructure.
“The SRF WIN Act utilizes the significant leveraging of Federal infrastructure funding established through the Water Infrastructure Finance Innovation Act (WIFIA) Program – PL 113-121 - to finance the existing Clean Water Act and Safe Drinking Water Act State Revolving Funds (CWA and SDWA SRFs),” the letter read. “The State Finance Authorities would utilize these new direct loans to finance the thousands of existing and vetted water and wastewater infrastructure projects on their existing Intended Use Plans.”
The bill would allow State Finance Authorities to combine new WIFIA funding with existing SRF funding to shore up more money for water infrastructure projects across the country. Although the bill does not include open competition procurement policies for which the vinyl industry has advocated, it would include additional funding for all water infrastructure projects, regardless of pipe material chosen.