GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	1 

HOUSE BILL 194

Short Title:  State Revolving Water Fund Account.	(Public)

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Sponsors: Representatives Culp; and Weatherly.

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Referred to:  Environment, if favorable, Appropriations.

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February 17, 1997

A BILL TO BE ENTITLED
AN ACT TO ESTABLISH AN ACCOUNT WITHIN THE STATE REVOLVING LOAN AND GRANT FUND SO THAT FUNDS MADE AVAILABLE UNDER THE FEDERAL SAFE DRINKING WATER ACT AMENDMENTS OF 1996 MAY BE USED BY THE STATE, AS RECOMMENDED BY THE ENVIRONMENTAL REVIEW COMMISSION.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 159G-5 is amended by adding a new subsection to read:  
"( d)	The State Revolving Water Fund is established as a special account within the Clean Water Revolving Loan and Grant Fund.  This account shall be established and managed in accordance with the requirements of Title I, section 130 of the federal Safe Drinking Water Act Amendments of 1996 (Pub. L. 104-182), to achieve the purposes and goals of the federal Safe Drinking Water Act Amendments of 1996.  The funds in the State Revolving Water Fund account may be used only for the purposes of providing revolving construction loans and other assistance as set forth in Title I, section 130 of the federal Safe Drinking Water Act Amendments of 1996 and the regulations thereunder, including making grants to the extent permitted by these amendments or these regulations.” 
Section 2.  This act is effective when it becomes law.