SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Lowey-DeLauro Emergency 
Infrastructure Jobs Act''.

SEC. 2. STATE WATER POLLUTION CONTROL REVOLVING FUNDS.

    Title VI of the Federal Water Pollution Control Act (33 U.S.C. 
1381-1387) is amended by inserting at the end the following new 
section:

``SEC. 608. EMERGENCY ECONOMIC STIMULATION PROGRAM.

    ``(a) In General.--In order to provide a short-term stimulus to the 
economy of the United States, the Administrator shall make 
capitalization grants to each State from funds appropriated pursuant to 
this section. Such grants shall be made in accordance with and subject 
to the provisions of this title unless otherwise provided in this 
section.
    ``(b) Schedule of Grant Payments.--
            ``(1) In general.--The schedule of grant payments for 
        grants made under this section shall be as provided under 
        section 601 except that such payments shall be made in 
        semiannual installments instead of quarterly installments.
            ``(2) First installment.--The first semiannual installment 
        shall be equal to 40 percent of the amount of funds allotted to 
        the State from funds appropriated pursuant to this section and 
        shall be paid to the State not later than the 30th day 
        following the date on which funds are appropriated pursuant to 
        this section.
            ``(3) Second installment.--The second semiannual 
        installment shall be equal to 60 percent of the amount of such 
        allotted funds and shall be paid to the State not later than 
        the 180th day following such appropriation date.
    ``(c) Capitalization Grant Agreements.--
            ``(1) Specific requirements.--
                    ``(A) Existing requirements.--Except for the 
                specific requirements set forth in paragraphs (2) and 
                (3) of section 602(b), the specific requirements set 
                forth in such section shall apply to capitalization 
                grants made from funds appropriated pursuant to this 
                section. For purposes of this section, the reference to 
                quarterly grant payments in paragraph (7) of such 
                section shall be treated as a reference to semiannual 
                grant payments.
                    ``(B) Additional requirements.--
                            ``(i) Number of agreements.--The 
                        Administrator shall enter into an agreement 
                        under section 602(b) with a State with respect 
                        to each of the semiannual payments to be made 
                        to the State under this section.
                            ``(ii) First agreement.--The Administrator 
                        shall enter into the agreement with respect to 
                        the first semiannual payment to be made to the 
                        State under this section only after--
                                    ``(I) the State has entered into 
                                binding commitments to provide 
                                assistance in accordance with the 
                                requirements of this title in fiscal 
                                year 1993 in an amount equal to 40 
                                percent of the funds allotted to the 
                                State from funds appropriated pursuant 
                                to section 607 for fiscal year 1993; 
                                and
                                    ``(II) the State has established to 
                                the satisfaction of the Administrator 
                                that it will enter into binding 
                                commitments to provide assistance in 
                                accordance with the requirements of 
                                this title in an amount equal to 40 
                                percent of the amount allotted to the 
                                State from funds appropriated pursuant 
                                to this section within 6 months after 
                                the date of such appropriation.
                            ``(iii) Second agreement.--The 
                        Administrator shall enter into the agreement 
                        with respect to the second semiannual payment 
                        to be made to the State under this section only 
                        after--
                                    ``(I) the State has entered into 
                                binding commitments to provide 
                                assistance in accordance with the 
                                requirements of this title in fiscal 
                                year 1993 in an amount equal to 100 
                                percent of the funds allotted to the 
                                State from funds appropriated pursuant 
                                to section 607 for fiscal year 1993 
                                (including amounts counted with respect 
                                to the meeting of the requirement of 
                                clause (ii)(I) by the State);
                                    ``(II) the State has entered into 
                                binding commitments to provide 
                                assistance in accordance with the 
                                requirements of this title of 40 
                                percent of the funds allotted to the 
                                State from funds appropriated pursuant 
                                to this section; and
                                    ``(III) the State has established 
                                to the satisfaction of the 
                                Administrator that it will enter into 
                                binding commitments to provide 
                                assistance in accordance with the 
                                requirements of this title in an amount 
                                equal to the remaining 60 percent of 
                                the funds allotted to the State from 
                                funds appropriated pursuant to this 
                                section within 1 year after the date of 
                                such appropriation.
            ``(2) Waiver of matching fund requirement.--Notwithstanding 
        section 602(b), a State shall not be required to deposit in its 
        State water pollution control revolving fund an amount equal to 
        at least 20 percent of the total amount of capitalization 
        grants made with funds appropriated pursuant to this section.
    ``(d) Allotment Period.--Notwithstanding section 604(c), sums 
allotted to a State from funds appropriated pursuant to this section 
shall be available for obligation by the State in accordance with the 
time periods set forth in clauses (ii)(II) and (iii)(III) of subsection 
(c)(1)(B), respectively. The amount of such allotment which is not 
obligated by the State in accordance with such time periods shall be 
immediately deposited in the Treasury of the United States.
    ``(e) Types of Assistance.--In addition to the types of assistance 
authorized by section 603(d), a State may use not to exceed 50 percent 
of the funds allotted to it from amounts appropriated pursuant to this 
section to subsidize not to exceed 90 percent of the principal portion 
of the amount of debt service required to be paid by an entity referred 
to in section 603(c) if such principle subsidy will be financed from 
interest earned on funds allotted to the State from amounts so 
appropriated, if such debt service is being incurred for a project 
eligible for assistance under this title, and if the State determines 
that such entity would be financially unable to carry out such project 
without such subsidy.
    ``(f) Authorization of Appropriations.--In addition to funds 
authorized to be appropriated by section 607, there is authorized to be 
appropriated to carry out the purposes of this title $3,000,000,000 for 
fiscal year 1993.''.

SEC. 3. SUPPLEMENTAL AUTHORIZATION FOR GRANTS UNDER SECTION 306(a)(2) 
              OF THE CONSOLIDATED FARM AND RURAL DEVELOPMENT ACT.

    (a) Supplemental Authorization.--In addition to amounts otherwise 
authorized to be appropriated, there are authorized to be appropriated 
to the Secretary of Agriculture for grants under section 306(a)(2) of 
the Consolidated Farm and Rural Development Act not to exceed 
$300,000,000 for fiscal year 1993.
    (b) Waiver of Annual Dollar Limitation.--The Secretary of 
Agriculture may use amounts appropriated pursuant to subsection (a) of 
this section to make grants under section 306(a)(2) of the Consolidated 
Farm and Rural Development Act, notwithstanding the dollar limitation 
specified in such section 306(a)(2).
    (c) Allocation and Availability of Funds.--All amounts appropriated 
pursuant to subsection (a) of this section shall be allocated to the 
States in accordance with section 1940.582 (except subsection (i)) and 
section 1940.587 (except subsection (i)) of title 7, Code of Federal 
Regulations (January 1, 1992, edition), and all such amounts shall be 
available to the Secretary of Agriculture, upon the enactment of this 
section, for States to obligate on an annual basis.
    (d) Reserved Funds to be Used for Technical Assistance and Training 
Grants.--The Secretary of Agriculture shall use the amounts 
appropriated pursuant to subsection (a) of this section that are 
reserved pursuant to section 306(a)(16)(C) of the Consolidated Farm and 
Rural Development Act, for grants under section 306(a)(16)(A) of such 
Act.
Lowey-DeLauro Emergency Infrastructure Jobs Act - Amends the Federal Water Pollution Control Act to direct the Administrator of the Environmental Protection Agency to make capitalization grants to each State during FY 1993 for an economic stimulus program administered through such State's water pollution control revolving fund program.  Authorizes appropriations. 
Authorizes supplemental appropriations to the Secretary of Agriculture for FY 1993 for grants to States, Indian tribes, and nonprofit entities and agencies for soil conservation and water resources and waste facilities development purposes as specified under the Consolidated Farm and Rural Development Act.  Reserves part of such authorized funds for related technical assistance and training grants.
Lowey-DeLauro Emergency Infrastructure Jobs Act