Sec. 128. Transfer of excess credit
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Section 1020 of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 2223 ) is amended— in subsection (a), by adding at the end the following: A credit described in paragraph
(1)for a study or project with multiple non-Federal interests may be applied to the required non-Federal cost share for a study or project of any of those non-Federal interests, subject to the condition that each non-Federal interest for the study or project for which the credit described in paragraph
(1)is provided concurs in writing. ; in subsection (b), by adding at the end the following: The Secretary may approve credit in excess of the non-Federal share for a study or project prior to the identification of each authorized study or project to which the excess credit will be applied, subject to the condition that the non-Federal interest agrees to submit for approval by the Secretary an amendment to the comprehensive plan prepared under paragraph
(2)that identifies each authorized study or project in advance of execution of the feasibility cost sharing agreement or project partnership agreement for that authorized study or project. ; by striking subsection (d); and by redesignating subsection
(e)as subsection (d).
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Sec. 128
Transfer of excess credit
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