Sec. 107. Water infrastructure fund

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There is established in the Treasury of the United States a fund, to be known as the Bureau of Reclamation Infrastructure Fund (referred to in this section as the Fund ), consisting of— such amounts as are deposited in the Fund under subsection (b); and any interest earned on investment of amounts in the Fund under subsection (c)(1)(B). For each of fiscal years 2032 through 2062, the Secretary of the Treasury shall deposit in the Fund $300,000,000 of the revenues that would otherwise be deposited for the fiscal year in the reclamation fund established by the first section of the Act of June 17, 1902 (32 Stat. 388; chapter 1093), of which— $100,000,000 shall be expended by the Secretary for water reclamation and reuse projects authorized under title XVI of Public Law 102–575 or section 4009 of Public Law 114–322 ; $100,000,000 shall be expended by the Secretary for grants authorized under sections 6002 and 9504 of the Omnibus Public Land Management Act of 2009 (16 U.S.C. 1015a and 42 U.S.C. 10364 ); and $100,000,000 shall be expended by the Secretary to perform modifications to preserve the structural safety of Bureau of Reclamation dams and related facilities to ensure that Reclamation facilities do not present unreasonable risks to public safety, property, or the environment, provided that Federal expenditures made under this section— account for no more than 85 percent of the total costs for any dam safety project; and are made in accordance with section 3 of the Reclamation Safety of Dams Act of 1978.

Amounts deposited in the Fund under this section shall— be made available in accordance with this section, without further appropriation; and be in addition to amounts appropriated for such purposes under any other provision of law. Subject to subsection (b), for each of fiscal years 2032 through 2062, the Secretary may expend from the Fund, in accordance with this section, not more than an amount equal to the sum of— the amounts deposited in the Fund that year under subsection (b); and the amount of interest accrued in the Fund for the fiscal year in which the expenditures are made.

The Secretary may expend more in any fiscal year than the amounts described in subsection

(a)if the additional amounts are available in the Fund as a result of a failure of the Secretary to expend all of the amounts available under subsection

(a)in 1 or more prior fiscal years. Any additional amounts referred to in paragraph

(1)shall— accrue interest in accordance with this section; and only be expended for the purposes for which expenditures from the Fund are authorized.

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