Budgetary treatment of certain amounts of financial assistance

The Water Infrastructure Finance and Innovation Act of 2014 (33 U.S.C. 3901 et seq.) is amended by adding at the end the following: 5037. Budgetary treatment of certain amounts of financial assistance If the recipient of financial assistance for a project under this subtitle is an eligible entity other than a Federal entity, agency, or instrumentality, and the dedicated sources of repayment of that financial assistance are non-Federal revenue sources, the financial assistance shall, for purposes of budgetary treatment under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.)— (1) be deemed to be non-Federal; and (2) be treated as a direct loan or loan guarantee (as those terms are defined in section 502 of that Act (2 U.S.C. 661a))..