The Clean Water Council (CWC) is encouraging inclusion of the Sustainable Water Infrastructure Investment Act (HR 537) in the latest jobs bill under consideration in the U.S. House of Representatives.Introduced by Rep. Bill Pascrell (D-NJ), the legislation would eliminate the state volume cap on private activity bonds (PABs) for water and wastewater infrastructure projects. That would significantly increase opportunities for private investment in an essential construction market, according to a CWC news release.PABs provide tax-exempt financing for states and municipalities looking to partner with a private entity to meet a public need. “At a time when unemployment in the construction
