Costing anywhere from $35 billion to as much as $90 billion are the estimates for lead pipe removals nationwide as mandated late last month by the Environmental Protection Agency. Droughts, aging infrastructure and treatment has already increased the cost of water dramatically in the U.S. and put the sector under pressure. This new mandate will require a lot more than the $15 billion in federal grants authorized by the Jobs Act for the issue.

Turning to municipal bonds and perhaps some novel ideas regarding impactful security structures and leveraging state-level financing mechanism are two ideas we offer the internets this morning.

A summary of the issue and solutions can be read by clicking here.