Sec. 307. Department of the Interior coastal wetland restoration; funding
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The Secretary of the Interior shall conduct coastal wetland restoration on land managed by the Secretary of the Interior to achieve at least 1 of the following: The sequestration of additional carbon dioxide through— the active restoration of degraded coastal wetland; and the protection of threatened coastal wetland. The halting of ongoing carbon dioxide emissions, and the resumption of the natural rate of carbon capture, through the restoration of drained coastal wetland. The halting of ongoing methane emissions, and the resumption of the natural rate of carbon storage, through the restoration of formerly tidal wetland that has lost tidal connectivity and become fresh wetland (commonly known as impounded wetland ).
To the maximum extent practicable, the Secretary of the Interior shall conduct coastal wetland restoration under subsection (a)— on land managed by the Director of the United States Fish and Wildlife Service— on 10,000 acres in each of fiscal years 2021 and 2022; on 20,000 acres in each of fiscal years 2023 and 2024; and on 30,000 acres in fiscal year 2025 and each fiscal year thereafter; and on land managed by the Director of the National Park Service— on 10,000 acres in each of fiscal years 2021 and 2022; on 20,000 acres in each of fiscal years 2023 and 2024; on 40,000 acres in each of fiscal years 2025 and 2026; on 80,000 acres in each of fiscal years 2027 and 2028; and on 160,000 acres in fiscal year 2029 and each fiscal year thereafter.
On October 1 of each fiscal year, out of any funds in the Treasury not otherwise appropriated, the Secretary of the Treasury shall transfer to the Secretary of the Interior to carry out this section, to remain available until expended— for coastal wetland restoration on land managed by the Director of the United States Fish and Wildlife Service— $250,000,000 for each of fiscal years 2021 and 2022; $500,000,000 for each of fiscal years 2023 and 2024; and $750,000,000 for each of fiscal years 2025 through 2030; and for coastal wetland restoration on land managed by the Director of the National Park Service— $250,000,000 for each of fiscal years 2021 and 2022; $500,000,000 for each of fiscal years 2023 and 2024; $1,000,000,000 for each of fiscal years 2025 and 2026; $2,000,000,000 for each of fiscal years 2027 and 2028; and $4,000,000,000 for each of fiscal years 2029 and 2030.
The Secretary of the Interior shall be entitled to receive, shall accept, and shall use to carry out this section in accordance with paragraph
(1)the funds transferred under that paragraph, without further appropriation.