To amend the Internal Revenue Code of 1986 to provide for clean renewable water supply bonds.
Clean Renewable Water Supply Act of 2009 - Amends the Internal Revenue Code to provide for the issuance, until 2019, of tax-exempt clean renewable water supply bonds to finance certain water recycling, desalination, and groundwater remediation projects that comply with requirements for minimization of environmental impact.
Establishes a national clean renewable water supply bond limitation for each of calendar years 2010-2018. Sets forth provsions governing the allocation of such limitation among qualified projects. Directs the Secretary of the Treasury to conduct a study of the method of allocation to determine whether a different method would result in the development of projects to provide new supplies of water in a more efficient manner.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7088-7089)
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2829)
Referred to the House Committee on Ways and Means.
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