HB 13 Summary

• Amends Section 22-34-11 of the Alabama Code to modify loan repayment terms for wastewater treatment facility construction financed through the Alabama Water Pollution Control Authority.

• Changes the standard loan repayment period from a fixed 20 years after construction completion to a flexible timeline consistent with federal law requirements.

• Allows loan repayment periods to be extended beyond 20 years, provided the extended period does not exceed the expected design life of the project.

• Maintains existing requirements that local governing bodies establish dedicated revenue sources for loan repayment and maintain project accounts according to generally accepted accounting standards.

• Becomes effective immediately upon passage and gubernatorial approval.