House Bill 5423 Summary

• Authorizes political subdivisions operating public water utilities to establish programs financing replacement of lead customer service lines on residential properties.

• Permits financing through commercial loans, nonprofit corporation loans, water utility bill charges, bonds, notes, or other means, with loan repayment terms not exceeding 180 months.

• Requires political subdivisions to adopt a resolution of intent, hold a public hearing, and adopt a resolution or ordinance establishing the program with specific terms and conditions.

• Allows program charges to be billed on water bills and enforced like standard water service charges, with water service shutoff permitted for nonpayment and liens recordable against properties.

• Takes effect 90 days after enactment.