Polluter Pays Clean Water Funding Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: State Water Pollution Control Revolving Funds Title II: Excise Taxes on Substances Contributing to Water Pollution, Etc. Polluter Pays Clean Water Funding Act - Title I: State Water Pollution Control Revolving Funds - Amends the Federal Water Pollution Control Act to add to the list of projects eligible for State water pollution control revolving fund assistance: (1) watershed planning and management; (2) public water conservation and reuse; and (3) low-income water and sewer assurance programs. Establishes conditions on a State's authority to make grants from such funds. Makes eligible for grant assistance projects: (1) to be carried out in political subdivisions with 5,000 people or fewer or in communities where water and sewer bills exceed a specified percentage of median family income; (2) to control nonpoint source pollution; and (3) to establish a low-income water and sewer assurance program. Revises allotment provisions concerning State revolving funds to require the Administrator of the Environmental Protection Agency to publish an allotment formula based on State populations. Directs the Administrator to establish minimum standards for low-incom…