2021 US Code
Title 33 - Navigation and Navigable Waters
Chapter 36 - Water Resources Development
Subchapter V - General Provisions
Sec. 2315b - Transparency and accountability in cost sharing for water resources development projects

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Citation 33 U.S.C. § 2315b (2021)
Section Name §2315b. Transparency and accountability in cost sharing for water resources development projects
Section Text (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.)


Editorial Notes 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.

Publication Title United States Code, 2018 Edition, Supplement 3, Title 33 - NAVIGATION AND NAVIGABLE WATERS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 33 - NAVIGATION AND NAVIGABLE WATERS
CHAPTER 36 - WATER RESOURCES DEVELOPMENT
SUBCHAPTER V - GENERAL PROVISIONS
Sec. 2315b - Transparency and accountability in cost sharing for water resources development projects
Contains section 2315b
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law No
Disposition standard
Statutes at Large References 132 Stat. 3777
Public Law References Public Law 115-270
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