This bill adds a new subsection to a 2009 law to create an interest-bearing Treasury account called the Non-Federal Funding Account for the Lower Colorado River Multi-Species Conservation Program. It defines key terms, requires the Secretary of the Treasury to deposit unspent past non-federal contributions and future non-federal contributions into the Fund, and allows the Fund to earn interest. Amounts in the Fund and interest will be available to the Secretary, without further appropriation, for use as provided in the Program Documents and the added section. The Treasury may invest Fund amounts not needed for current use only in interest-bearing obligations of the United States. The bill requires a transfer of previously contributed funds from the general fund to the new Fund within 90 days of enactment and the transfer of future contributions as soon as practicable. State Parties are not responsible for investment losses on amounts deposited in the Fund.
No publicly available information on total dollar amounts, budgetary cost estimates, or the long-term fiscal impact is included in the bill text or metadata. The bill does require the transfer of previously contributed, unexpended non-federal contributions from the Treasury general fund to the new Fund within 90 days of enactment and directs transfers of future contributions into the Fund as they are provided. Amounts in the Fund and interest are available to the Secretary without further appropriation.
No publicly available information on proponents' statements or legislative findings is included in the bill text or the provided metadata.
No publicly available information on opponents' statements or concerns is included in the bill text or the provided metadata.