Financing Lead Out of Water Act of 2025 modifies private business use requirements for bonds issued for lead service line replacement projects.
The Financing Lead Out of Water Act of 2025 amends the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects. It specifies that qualified lead service line replacement use shall not constitute private business use. The act defines qualified lead service line replacement use as the use of bond proceeds to replace any privately-owned portion of a lead service line connected to a public water system to comply with national primary drinking water regulations for lead.
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