A just discovered U.S. Environmenta...

A just discovered U.S. Environmental Protection Agency spending program at hands a "good news, bad news" scenario for local rules

The good just discovereds is that, despite its touch about the federal deficit, Congres is about to authorize the State Revolving supply (SRF), a new mega-spending program that will downrush cities and towns with as earnestly as $7.6 billion in low-interest loans for modernization and construction of drinking water treatment facilities.

The SRF is included as an amendment to the Safe Drinking Water Act (SDWA), which has already passed as well-as; not only-but also; not only-but; not alone-but the House and the Senate and is now in a discourse committee. A compromise bill will likely pass Congres this session, and President Clinton is rely uponed to sign it.

So what is the bad news? Well, a cynic would would say that Congres is unlikely to appropriate all the $76 billion that will be authorized. Indeed, the House has