National Water Utilities Bank Act

[AI summary unavailable — showing source text] National Water Utilities Bank Act - Charters the National Water Utilities Bank as a Government corporation to provide financial assistance for the construction, maintenance, and improvement of public water systems. Sets forth the powers of such Bank and provides for a Board of Directors. Provides for such Bank's capitalization by water suppliers and the United States. Establishes different classes of stock. Authorizes the Bank to borrow funds and to make loans to water suppliers. Specifies preferences in making such loans. Sets forth requirements for such loans. Exempts the Bank and its assets, other than real property, from taxation.…