Sec. 201. Reclamation Water Infrastructure Fund
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There is established in the Treasury a fund to be known as the Reclamation Water Infrastructure Fund (referred to in this section as the Fund ), to be administered by the Secretary of the Interior, to be available without fiscal year limitation and not subject to appropriation, for use in accordance with subsection (e). For the period of fiscal years 2015 through 2036, the Secretary of the Treasury shall deposit in the Fund— of the revenues that would otherwise be deposited for each fiscal year in the reclamation fund established by the first section of the Act of June 17, 1902 (32 Stat. 388, chapter 1093), $150,000,000; and out of amounts in the Treasury not otherwise obligated, $6,500,000,000.
The Secretary of the Treasury shall invest such portion of the Fund as is not, in the judgment of the Secretary, required to meet current withdrawals. The interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund shall be credited to, and form a part of, the Fund. Amounts in the Fund may not be made available for any purpose other than a purpose described in subsection (e). The Secretary of the Interior may use amounts in the Fund for the following purposes:
To complete construction (but not including operation or maintenance) of rural water projects— that were authorized to be carried out by the Secretary on or before the date of enactment of this Act; or for which— pursuant to section 106(e) of the Rural Water Supply Act of 2006 ( 43 U.S.C. 2405(e) ), a feasibility study has been submitted to the Secretary by not later than December 31, 2015; and an Act enacted after the date of enactment of this Act authorizes construction. To address deferred maintenance needs of Indian irrigation projects (including maintenance, repair, and replacement activities for any structures, facilities, equipment, or vehicles used in connection with the operation of those projects) that, on the date of enactment of this Act— are owned by the Federal Government, as listed in the Federal inventory required by Executive Order 13327 ( 40 U.S.C. 121 note; relating to Federal real property asset management); are managed by the Bureau of Indian Affairs (including projects managed under contracts or compacts pursuant to the Indian Self-Determination and Education Assistance Act (25 U.S.C. 450 et seq.)); and have deferred maintenance documented by the Bureau of Indian Affairs.
To provide amounts to complete construction, planning, and design of any project, or to implement any provision of Federal law, that— settles or otherwise resolves, in whole or in part, litigation involving the United States and the rights of one or more federally recognized Indian tribes to access, use, or manage water resources; or implements an agreement approved by Congress pursuant to which one or more federally recognized Indian tribes agree to some limitation on the exercise of rights or claims to access, use, or manage water resources.
Not later than 60 days after the end of each fiscal year beginning with fiscal year 2015, the Secretary of the Interior shall submit to the Committee on Appropriations of the House of Representatives, the Committee on Appropriations of the Senate, and authorizing committees a report on the operation of the Fund during the fiscal year. Each report shall include, for the fiscal year covered by the report, the following: A statement of the amounts deposited into the Fund. A description of the expenditures made from the Fund for the fiscal year, including the purpose of the expenditures.
Recommendations for additional authorities to fulfill the purpose of the Fund. A statement of the balance remaining in the Fund at the end of the fiscal year.
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Sec. 201
Reclamation Water Infrastructure Fund
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