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Bill Summary · LC 3836

Summary of LC 3836: Create Infrastructure Revolving Loan Program

Overview

  • Bill Number: LC 3836
  • Title: Create infrastructure revolving loan program
  • Status: Draft Died in Process (LC)
  • Introduced: December 15, 2024
  • Classification: Bill
  • Subject areas: Appropriations / State Finance, Buildings and Building Regulations, State Government, Water (and related topics)

Purpose and Intent

  • The bill aims to establish an infrastructure revolving loan program. While the specific statutory language is not provided here, the underlying concept typically involves creating a dedicated fund or financing mechanism to support capital projects related to infrastructure, potentially including water systems, state facilities, and other public works.

Key Provisions (as described or implied by the title)

  • Establishment of an infrastructure revolving loan program, likely housed within a state finance or funding agency.
  • Creation or designation of a revolving fund that is capitalized and replenished through repayments of loans and possibly state or federal appropriations.
  • Operational framework to administer loans for eligible projects, including terms, interest rates, and repayment schedules.
  • Criteria for prioritizing projects (e.g., urgency, public health & safety, economic impact) and for selecting borrowers.
  • Governance and oversight provisions to manage the program, including reporting requirements.

Note: The exact substantive provisions (loan terms, capitalization sources, eligible borrowers, project types, repayment rules, oversight mechanisms) are not included in the information provided. The above reflects common elements of infrastructure revolving loan programs and not a summary of the bill’s precise text.

Administration, Funding, and Implementation (Inferred)

  • Likely contemplated administration by a state department or agency involved in state finance, appropriations, or public works (given the subject areas).
  • Funding could come from state appropriations, with program capital replenished through loan repayments and interest income.
  • The program would be designed to finance infrastructure projects over time rather than via one-off appropriations.

Eligible Borrowers and Projects (Inferred)

  • Potentially includes state government entities, local governments, and public infrastructure projects, with a focus possibly on water infrastructure given the “WATER” subject classification.
  • Projects could include drinking water, wastewater, stormwater, and other essential infrastructure needs.

Legislative History and Status

  • Drafter Assigned: December 15, 2024
  • On Hold: January 9, 2025
  • Died in Process: May 23, 2025

Potential Impacts and Considerations

  • Could provide a structured, ongoing funding mechanism to accelerate infrastructure upgrades and expansions.
  • Effect on state budgeting and long-term liabilities depends on the program’s capitalization, loan terms, and repayment performance.
  • Success depends on clear eligibility criteria, project prioritization, and robust governance to ensure prudent use of public funds.

Next Steps / How to Track

  • Review the full text of LC 3836 for precise provisions: definitions, eligible borrowers, project types, loan terms, capitalization sources, administration, reporting, and sunset or renewal clauses.
  • Monitor legislative docket for any amendments, committee actions, or potential reintroduction in future sessions.
  • For stakeholders (municipalities, utilities, or state agencies), prepare inquiries on how such a program would interact with existing financing tools and state finance priorities.

If you’d like, I can format this into a one-page briefing or tailor it to a specific audience (local government officials, utility managers, or state agency staff) once the bill text is available.

Compiled from official sources — confirm details with the bill’s official record.

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