Sec. 2506. Emergency watershed protection program
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Section 403 of the Agricultural Credit Act of 1978 ( 16 U.S.C. 2203 ) is amended— by striking and inserting the following: Sec. 402.—The Secretary The Secretary ; and by adding at the end the following: The Secretary may modify or terminate a floodplain easement administered by the Secretary under this section if— the current owner agrees to the modification or termination; and the Secretary determines that the modification or termination— will address a compelling public need for which there is no practicable alternative; and is in the public interest.
As consideration for termination of an easement and associated agreements under paragraph (1), the Secretary shall enter into compensatory arrangements as determined to be appropriate by the Secretary. In the case of a modification under paragraph (1)— as a condition of the modification, the current owner shall enter into a compensatory arrangement (as determined to be appropriate by the Secretary) to incur the costs of modification; and the Secretary shall ensure that— the modification will not adversely affect the floodplain functions and values for which the easement was acquired; any adverse impacts will be mitigated by enrollment and restoration of other land that provides greater floodplain functions and values at no additional cost to the Federal Government; and the modification will result in equal or greater environmental and economic values to the United States. .
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Sec. 2506
Emergency watershed protection program
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