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

This bill updates the federal program that provides grants to nonprofit organizations for helping rural residents build or repair their own water wells and wastewater systems. It directly affects low- and moderate-income households in rural areas by adjusting income eligibility thresholds and increasing the maximum subgrant amount to $20,000. The legislation also requires nonprofits to offer loans to households earning between 60 and 100 percent of the median nonmetropolitan income, and it adds funding to cover five-year performance warranties for wastewater systems. Finally, the program's expiration date is extended from 2023 to 2031, allowing continued support for these infrastructure projects.