Level of Effort Clean Water Bonus Fund Act of 1994

[AI summary unavailable — showing source text] Level of Effort Clean Water Bonus Fund Act of 1994 - Amends the Federal Water Pollution Control Act to require the Administrator of the Environmental Protection Agency to reserve 20 percent of the amounts made available for capitalization grants for State water pollution control revolving funds for making level of effort capitalization grants to eligible States. Requires States that receive level of effort grants to deposit an equal amount into the revolving funds. Makes eligible for such grants States that have deposited more than the required matching amount into the revolving fund or into a non-Federal revolving fund or grant program that is subject to requirements similar to those for the State revolving fund. Prohibits States from receiving a grant in an amount greater than 20 percent of the amount of funds reserved.…