Sec. 8383. TRANSFER OF EXCESS CREDIT
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## SEC. 8383 TRANSFER OF EXCESS CREDIT Section 1020 of the Water Resources Reform and Development Act of 2014 (33 U.S.C. 2223) is amended— ####
(1)in subsection (a), by adding at the end the following: > > #### “(3) Studies and projects with multiple non-federal interests > > 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 such non-Federal interest, if each such non-Federal interest agrees in writing to such application.” > ; ####
(2)in subsection (b), by adding at the end the following: > > #### “(3) Conditional approval of excess credit > > Notwithstanding paragraph (2)(A)(ii), 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.” > ; ####
(3)in subsection (d), by striking “10 years after the date of enactment of this Act” and inserting “on December 31, 2028”; and ####
(4)in subsection (e)(1)(B), by striking “10 years after the date of enactment of this Act” and inserting “December 31, 2028”.
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Sec. 8383
TRANSFER OF EXCESS CREDIT
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