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33 U.S.C. § 2315bTransparency and accountability in cost sharing for water resources development projects

submitted 8 years ago by Pub. L. 115-270 to r/title-33-NAVIGATION-AND-NAVIGABLE-WATERS · 165 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Definition of balance sheet

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) Establishment of balance sheet

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) Under-budget projects

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.

Source credit: (Pub. L. 115–270, title I, § 1120, Oct. 23, 2018, 132 Stat. 3777.)

history & why it existsrecord from the source credit
  • 2018Enacted · Pub. L. 115-270 · 132 Stat. 3777

A history note hasn’t been published yet. The record shows enactment by Pub. L. 115-270 on 2018-10-23.

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