Sec. 2007. INLAND WATERWAYS OVERSIGHT
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## SEC. 2007 INLAND WATERWAYS OVERSIGHT ###
(a)Report Not later than 1 year after the date of enactment of this Act, the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives and make publicly available a report regarding the lessons learned from the experience of planning and constructing the Olmsted Project and how such lessons might apply to future inland waterway studies and projects. ###
(b)Annual Financial Review **[**[33 U.S.C. 2253](/us/usc/t33/s2253)**]** For any inland waterways project that the Secretary carries out that has an estimated total cost of $500,000,000 or more, the Secretary shall submit to the congressional committees referred to in subsection
(a)an annual financial plan for the project. The plan shall be based on detailed annual estimates of the cost to complete the remaining elements of the project and on reasonable assumptions, as determined by the Secretary, of any future increases of the cost to complete the project. ###
(c)Government Accountability Office Report As soon as practicable after the date of enactment of this Act, the Comptroller General of the United States shall conduct, and submit to Congress a report describing the results of, a study to determine why, and to what extent, the project for navigation, Lower Ohio River, Locks and Dams 52 and 53, Illinois and Kentucky (commonly known as the “Olmsted Locks and Dam project”), authorized by section 3(a)(6) of the Water Resources Development Act of 1988 (102 Stat. 4013), has exceeded the budget for the project and the reasons why the project failed to be completed as scheduled, including an assessment of— ####
(1)engineering methods used for the project; ####
(2)the management of the project; ####
(3)contracting for the project; ####
(4)the cost to the United States of benefits foregone due to project delays; and ####
(5)such other contributory factors as the Comptroller General determines to be appropriate.
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- 102 Stat. 4013
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