Relates to water pollution control revolving fund agreements

This bill extends a special funding subsidy for water pollution control projects in municipalities until September 30, 2027. It directly affects local governments that have already applied for and closed on loans from the state's water pollution control revolving fund to start construction on eligible projects. Under the new provisions, these municipalities will receive a financial allocation equal to 50% of their outstanding loan balances, up from the standard 33.3%, and will pay interest rates capped at half the market rate instead of two-thirds. The law applies only to projects where the loan was approved, finalized, and construction began during the specified period between June 1, 1992, and September 30, 2027.