National Water Utilities Bank Act - Charters the National Water Utilities Bank, as a Government corporation, to provide financial assistance for the construction, maintenance, and improvement of public water systems. Sets forth the powers of such Bank. Provides for a Board of Directors. Provides for such Bank's capitalization by water suppliers and the United States. Establishes different classes of stock.
Authorizes the Bank to borrow funds and to make loans to water suppliers. Specifies preferences in making such loans. Sets forth requirements of such loans.
Exempts the Bank and its assets, other than real property, from taxation.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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