2004 Adopted Resolutions
72nd Annual Meeting
Boston

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INCREASING INVESTMENT FOR WATER AND WASTEWATER INFRASTRUCTURE THROUGH REMOVAL OF PRIVATE ACTIVITY BONDS FROM THE STATE VOLUME CAP

     WHEREAS, the projected costs for capital improvement and projects in water and wastewater infrastructure are projected to exceed $1 trillion over the next 20 years in order to comply with the Clean Water Act and the Safe Drinking Water Act; and

     WHEREAS, the U.S. Conference of Mayors adopted policy in the year 2000 in Seattle to seek out innovative ways to help cities finance the construction of new water and wastewater treatment facilities, collection systems and distribution systems; and

     WHEREAS, the Urban Water Council has reviewed federal impediments to financing water and wastewater infrastructure including existing environmental and tax policy, and

     WHEREAS, the Urban Water Council adopted a resolution to support similar legislation in June of 2001 that would exempt Private Activity Bonds for water and sewage facilities from the state volume caps, but that legislation is no longer under consideration by congress, and

     NOW, THEREFORE, BE IT RESOLVED that The U.S. Conference of Mayors hereby endorses and urges Members of Congress to support legislation which would exempt Private Activity Bonds for water and sewage facilities from the state volume caps in order to increase investment in water and wastewater supply infrastructure.