To amend the Consolidated Farm and Rural Development Act to modify provisions relating to rural decentralized water systems grants.

TL;DR (AI)

• This bill establishes a Rural Decentralized Water Systems Grant Program to provide grants to private nonprofit organizations for subgrants and loans supporting household water well and wastewater systems in rural areas.
• The bill increases the maximum subgrant amount for water well systems from $15,000 to $20,000 and allows subgrants for wastewater systems to cover the cost of a 5-year performance warranty.
• The program's sunset date is extended from 2023 to 2031, and income requirements are established for recipients of subgrants (below 60% of median nonmetropolitan income) and loans (60% or more).