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Code · BILL · 113th Congress · S. 601 (Introduced in Senate) — To provide for the conservation and development of water and related resources, to authorize the Secretary of the Arm... · Sec. 2011

Sec. 2011. Transfer of excess work-in-kind credit

436 words·~2 min read·/bill/113/s/601/is/section-2011

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Subject to subsection (b), the Secretary may apply credit for in-kind contributions provided by a non-Federal interest that is in excess of the required non-Federal cost-share for a water resources study or project toward the required non-Federal cost-share for a different water resources study or project. Except for subsection (a)(4)(D)(i) of that section, the requirements of section 221 of the Flood Control Act of 1970 (42 U.S.C. 1962d–5b) (as amended by section 2012 of this Act) shall not apply to any credit under this section.
Credit in excess of the non-Federal cost-share for a study or project may be approved under this section only if— the non-Federal interest submits a comprehensive plan to the Secretary that identifies— the studies and projects for which the non-Federal interest intends to provide in-kind contributions for credit that is in excess of the non-Federal cost share for the study or project; and the studies and projects to which that excess credit would be applied; the Secretary approves the comprehensive plan; and the total amount of credit does not exceed the total non-Federal cost-share for the studies and projects in the approved comprehensive plan.
In evaluating a request to apply credit in excess of the non-Federal cost-share for a study or project toward a different study or project, the Secretary shall consider whether applying that credit will— help to expedite the completion of a project or group of projects; reduce costs to the Federal Government; and aid the completion of a project that provides significant flood risk reduction or environmental benefits. The authority provided in this section shall terminate 10 years after the date of enactment of this Act.
Not later than 2 years after the date of enactment of this Act, the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives an interim report on the use of the authority under this section. Not later than 5 years after the date of enactment of this Act, the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a final report on the use of the authority under this section.
The reports described in paragraph
(1)shall include— a description of the use of the authority under this section during the reporting period; an assessment of the impact of the authority under this section on the time required to complete projects; and an assessment of the impact of the authority under this section on other water resources projects.
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  • 42 USC 1962d–5b
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Sec. 2011
Transfer of excess work-in-kind credit
Cite42 USC 1962d–5b
Cites 1Cited by 0 across 0 sources
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