§2315b — Title 33 Navigation and Navigable Waters | U.S. Code

Summary

Army Corps districts must keep a balance sheet for every water project that requires a non‑Federal partner to pay part of the cost. A balance sheet lists federal and non‑federal contributions and shows the funds’ status. Districts must give a copy to any paying non‑Federal partner who asks. If a project costs less than estimated, extra non‑Federal funds must be returned under the project’s cost‑share rules.

Title 33, §2315b

Navigation and Navigable Waters — Source: USLM XML via OLRC

(a)In this section, the term “balance sheet” means a document that describes—

(1)the funds provided by each Federal and non-Federal interest for a water resources development project; and

(2)the status of those funds.

(b)Each district of the Corps of Engineers shall, using the authority of the Secretary under section 2315 of this title—

(1)maintain a balance sheet for each water resources development project carried out by the Secretary for which a non-Federal cost share is required; and

(2)on request of a non-Federal interest that provided funds for the project, provide to the non-Federal interest a copy of the balance sheet.

(c)In the case of a water resources development project carried out by the Secretary that is completed at a cost less than the estimated cost, the Secretary shall transfer any excess non-Federal funds to the non-Federal interest in accordance with the cost-share requirement applicable to the project.

Notes & Related Subsidiaries

Editorial Notes

Codification Section was enacted as part of the Water Resources Development Act of 2018, and also as part of the America’s Water Infrastructure Act of 2018, and not as part of the Water Resources Development Act of 1986 which comprises this chapter.

Statutory Notes and Related Subsidiaries

“Secretary” Defined Secretary means the Secretary of the Army, see section 102 of Pub. L. 115–270, set out as a note under section 2201 of this title.

§2315b Transparency and accountability in cost sharing for water resources development projects

Summary

Title 33, §2315b

Notes & Related Subsidiaries

Editorial Notes

Statutory Notes and Related Subsidiaries

Citations & Metadata