US Congress House Bill 2718 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 14 2019 - 25% progression, died in committee
Action: 2019-05-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Allows state and local governments to issue green infrastructure bonds as tax-exempt private activity bonds. The bonds are not subject to the state volume caps that apply to certain tax-exempt private activity bonds. A green infrastructure bond must be issued as part of an issuance that requires 95% or more of the net proceeds to be used to develop, carry out, or certify approved green infrastructure projects. The approved projects are to construct, rehabilitate, maintain, or repair green infrastructure that has been certified by the state in which the project is located as effectively addressing nonpoint source pollution. "Green infrastructure" is infrastructure that preserves, enhances, or mimics natural infiltration, evapotranspiration, or capture of storm water.

P3 Act Preventing Pollution through Partnerships Act

Rep. Derek Kilmer [D-WA]

Rep. Denny Heck [D-WA]

Date	Chamber	Action
2019-05-14	House	Referred to the House Committee on Ways and Means.
2019-05-14	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/2718/all-info
Text	https://www.congress.gov/116/bills/hr2718/BILLS-116hr2718ih.pdf