H.C.R. No. 14 Summary

• Ohio General Assembly expresses support for federal legislation to remove the state volume cap for private activity bonds used in water and wastewater infrastructure projects.

• Current federal policy limits tax-exempt bond allocations to states based on population (state volume cap), causing most bonds to be directed toward politically attractive short-term projects like housing and education rather than water infrastructure.

• Removing the volume cap for water and wastewater projects would allow states and local governments to access up to $50 billion in private capital investment at lower financing costs while serving approximately 1.4 million customers.

• Volume cap exemptions already exist for other government-owned facilities including airports, ports, high-speed rail, and solid waste disposal sites, establishing precedent for water infrastructure exemption.

• Clerk of the House directed to transmit copies of the resolution to the President, Congress, Ohio's congressional delegation, and Ohio news media.