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Code · BILL · 117th Congress · S. 2807 (Introduced in Senate) — To authorize the Secretary of the Interior, in coordination with the heads of relevant Federal agencies, to carry out... · Sec. 4

Sec. 4. Financing and funding of watershed pilots

353 words·~2 min read·/bill/117/s/2807/is/section-4

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In carrying out a watershed pilot, the head of a Federal department or agency participating in the watershed pilot shall enter into a pay-for-performance contract to achieve outcome-based goals described in the plan developed for the watershed pilot. The head of each Federal department or agency participating in a watershed pilot shall modify, expand, or streamline eligibility and verification criteria for existing Federal financial sources to maximize flexibility, speed, and use of Federal funds in the most effective manner to achieve outcomes under the watershed pilot.
The head of each Federal department or agency participating in a watershed pilot shall establish an Environmental Outcomes Fund. Amounts in a Fund shall only be expended on pay-for-performance contracts under a watershed pilot. Amounts in a Fund shall be expended in accordance with— this Act, including the plan developed for the applicable watershed pilot; and criteria established by the Secretary and the management team for the applicable watershed pilot, which shall include criteria for— eligibility of qualifying projects; types of qualifying projects; the timing of the disbursement of funds; and such other matters as the Secretary and the management team determine to be appropriate.
Out of any funds in the Treasury not otherwise appropriated, on October 1, 2022, and on each October 1 thereafter through October 1, 2027, the Secretary of the Treasury shall transfer $15,000,000 to the head of each Federal department or agency to be deposited in the Fund. The head of a Federal department or agency described in subparagraph
(A)shall be entitled to receive, shall accept, and shall deposit into the Fund for use in accordance with this subsection the funds transferred under subparagraph (A), without further appropriation. If a watershed pilot is established as a permanent program, the Secretary may submit to Congress recommendations for modifications to funding levels and a permanent authorization of funding for the permanent program. Any otherwise applicable cost-share requirements for existing Federal financial resources, including under section 212(a)(1) of the Public Lands Corps Act of 1993 ( 16 U.S.C. 1729(a)(1) ), shall be waived for watershed pilots carried out using amounts made available under this Act.
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Sec. 4
Financing and funding of watershed pilots
U.S.C.§ 1729
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