Requires the Administrator to: (1) ensure that EPA's Office of Water, Office of Enforcement and Compliance Assurance, Office of Research and Development, and Office of Policy promote the use of green infrastructure in, and coordinate the integration of green infrastructure into, permitting programs, planning efforts, research, technical assistance, and funding guidance; (2) direct EPA's regional offices to promote and integrate the use of green infrastructure within the region; (3) promote sharing of green infrastructure information and provide technical assistance regarding green infrastructure approaches for reducing water pollution, protecting water resources, complying with regulatory requirements, and achieving other environmental, public health, and community goals; and (4) establish a voluntary green infrastructure portfolio standard to increase the percentage of annual water managed by eligible entities that use green infrastructure.
Allows loans from a state water pollution control revolving fund to have a term of the lesser of 30 years or the design life of the project to be financed with the proceeds of the loan. (Currently the term of the loan is capped at 20 years.)
Requires the Administrator, no later than December 31, 2010 (currently, 2003) and periodically thereafter, to report to Congress on recommended funding levels for sewer overflow control grants.
Requires the Administrator to update the guidance entitled "Combined Sewer Overflows -- Guidance for Financial Capability Assessment and Schedule Development," dated February 1997, to ensure that the evaluations by the Administrator of financial capability assessment and schedule development meet specified criteria, including criteria used in assessing financial capability of a community to make investments necessary to make water quality-related improvements and in implementing water quality-related improvements.
Requires such updated guidance to indicate that it is appropriate for the reconsideration and modification of financial capability determinations and implementation schedules to be based on such criteria.