top of page
iStock-172379353.jpg

FEDERAL FUNDING

Since the SRFs were established, Congress has provided annual federal funding in the form a capitalization grant to fund subsidized loans to build water infrastructure now and grow a permanent pool of revolving funds to meet the never-ending need to repair, rehabilitate and replacement aging infrastructure.

CIFA Fights for Restoration of Annual Federal Funding for the SRFs in 2024

The U.S. Senate  and U.S. House of Representatives appropriations bills divert hundreds of millions of dollars in federal funding for state water projects in 36 states to pay for congressional earmarks in 14 states. The House bill diverts 90% of annual federal funding from the SRFs to pay for $880 million in handpicked congressional earmarks, leaving just $115 million to split among 50 states and Puerto Rico for state-selected clean water and drinking water projects. 

State and Water Leaders Urge Restoration of Annual Federal Funding for the SRFs

Impact of Proposed 2024 Appropriations on SRF Funding

Funding Cuts Jeopardize Public Health and Environmental Protection.

Cutting annual federal funding for SRFs has immediate and lasting impacts.​ 

  • In the short-term, cuts to annual funding threaten the availability of affordable financing for water infrastructure projects that reduce risk to human health and protect water quality, especially in small, rural and disadvantaged communities that can’t qualify for other financing.

  • In the long-term, cuts to annual federal funding permanently eliminate a source of recurring revenue from loan repayments to meet the never-ending need to replace, repair and rehabilitate the nation’s aging water infrastructure.

CIFA Advocates for Full Funding for SRF Projects.

CIFA Advocacy

2023 Budget 

The Consolidated Appropriations Act, 2023, (H.R. 2617), became law on Thursday, December 29, 2022. Congress maintained top line funding for the SRFs but continued to use the SRF capitalization grants to pay for earmarks which are listed in the Explanatory Statement (starting on page 80).

​​History

Learn the history of federal funding for SRFs.

bottom of page