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Effects of Federal Legislation on the Investor‐Owned Water Utility
Author(s) -
Healy Edward R.
Publication year - 1967
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.1967.tb03361.x
Subject(s) - legislation , subsidy , business , government (linguistics) , finance , loan , service (business) , water industry , water utility , water supply , economics , law , political science , engineering , marketing , market economy , linguistics , philosophy , environmental engineering
Federal legislation regarding water service in the year 1965 indicated that the government may assume complete control of water resources in the near future. An example of this trend is the loan‐grant subsidy legislation. This article discusses three departments of the U.S. government that are authorized to make direct loans and grants for the construction of water facilities. In each instance, the investor‐owned water utility is not eligible. A fourth department of the federal government is authorized to construct, operate, and maintain water facilities. The article discusses alternative sources of funding for investor‐owned utilities.