This simple law is aimed at getting information about alternative drinking water systems, including wells, to the smallest communities before they make a decision to undertake the construction or upgrade of expensive drinking water systems.
Drinking Water Infrastructure Challenge
The United States is facing a drinking water infrastructure funding crisis. “Official” EPA estimates from the Clean Water and Drinking Water Infrastructure Gap Analysis project a $384 Billion Shortfall in drinking water funding over next 20 years. This funding challenge is particularly acute in rural America.
Recent drinking water industry estimates (AWWA) place the funding shortfall in drinking water funding over the next two decades at Over $1 Trillion.
Annual funding gap for drinking water is nearly $20 billion while the annual Federal investment is less than $2 billion.
Now we must work together with the Implementation of the Savings Act, assisting EPA and USDA while also educating the water well industry and the public on how to leverage the Savings Act.
Water Wells are a proven cost effective solution for helping meet the needs of the nation’s water infrastructure.
The Water Well Trust has demonstrated in several states for several years that saving between 70-90% can be achieved through the Water Well Solution. These projects have been financed through combinations of state and local governments and the private sector.
Water Well Trust client, Mike Frazee, gave his Testimony at the Senate Environment and Public Works Committee hearing that focused on Innovative Financing and Funding: Addressing America’s Crumbling Water Infrastructure. Watch the complete broadcast.
The Savings Act law will create an opportunity for hundreds of millions of dollars in new investment in wells and well systems.
Savings Action Plan
The Savings Action 3 year implementation plan will result in a flood of information never seen before from the federal government – EPA and USDA – on the cost effectiveness of the use of wells and well systems in providing safe drinking water for the 121,832 communities we are targeting, the 657,000 households living without water, to the engineers working on these projects, and to the contractors who are delivering the product.
Move it Forward
The Securing Required Funding for Water Infrastructure Now Act – SRF WIN Act
S. 2364 – Introduced in the Senate on January 29, 2018 by Sen. Boozman (R-AR), Sen. Booker ( D-NJ), Sen. Inhofe (R-OK) and Sen. Feinstein (D-CA)
HR.4902 – Introduced in the House January 29, 2018 by Rep. Katko (R-NY) and Rep. Blumenauer (D-OR)
The bill combines the best aspects of state revolving funds (SRFs) with the leveraging power of the Water Infrastructure and Innovation Act (WIFIA) to make the process easier and more affordable for states to meet their underserved or unmet water infrastructure needs.
This SRF WIN Act would:
The Savings Action is our opportunity to reverse the decades long downward sales trends and to actually grow the industry to new heights!
The following documents provide important background information about the Savings Act: