The WISE Act would change the Federal Water Pollution Control Act to require that, starting when the law is enacted, states use at least 20% of funds they receive for revolving fund capitalization grants for projects that address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities. The requirement applies only when there are enough eligible project applications and applies to funds provided to the State in any appropriations Act.
If you are a state agency, the state must reserve at least 20% of its capitalization grant funds for the listed project types when there are enough eligible applications. If you run a utility or work on water or energy projects, you may be able to apply for funds set aside under this rule. If a state does not have enough eligible applications, the requirement does not force spending beyond what applicants qualify for.
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