California AB2777 amends the Water Code to enhance the State Water Pollution Control Revolving Fund program, allowing for larger below-market rate.
California AB2777 amends the Water Code to strengthen the State Water Pollution Control Revolving Fund program. The bill authorizes larger below-market rate loans to reinforce the fund's long-term solvency and support affordable recycled water, wastewater, and water quality infrastructure. It also allows for the use of incidental runoff in outdoor eating areas of parks and open spaces when irrigated with disinfected tertiary treated recycled water. The fund's moneys can be used for loans at below market interest rates, financial assistance, and grants, among other permissible purposes.
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