119-s291

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 291 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 291

 To establish an interest-bearing account for the non-Federal 
 contributions to the Lower Colorado River Multi-Species Conservation 
 Program, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 January 29, 2025

Mr. Padilla (for himself, Ms. Cortez Masto, Mr. Schiff, Ms. Rosen, and 
 Mr. Kelly) introduced the following bill; which was read twice and 
 referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

 A BILL

 To establish an interest-bearing account for the non-Federal 
 contributions to the Lower Colorado River Multi-Species Conservation 
 Program, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Lower Colorado River Multi-Species 
Conservation Program Amendment Act of 2025''.

SEC. 2. INTEREST-BEARING FUND.

 

Section 9402 of the Omnibus Public Land Management Act of 2009 
(Public Law 111-11; 123 Stat. 1328) is amended by adding at the end the 
following:
 ``
            (c) Interest-Bearing Account for Non-Federal Contributions.--
 ``

    (1) === Definitions. ===
-In this subsection:
 ``
        (A) Agreement.--The term `Agreement' means the 
 agreement entitled the `Lower Colorado River Multi-
 Species Conservation Program Funding and Management 
 Agreement' and dated April 4, 2005.
 ``
        (B) Fund.--The term `Fund' means the Non-Federal 
 Funding Account for the Lower Colorado River Multi-
 Species Conservation Program established by paragraph

    (2) .
 ``
            (C) Non-federal contribution.--The term `non-
 Federal contribution' means an amount contributed by a 
 State Party for the non-Federal cost share described in 
 

section 8 of the Agreement.
 ``
            (D) State party.--The term `State Party' has the 
 meaning given the term in 

section 3 of the Agreement.
 ``

    (2) Establishment.--There is established in the Treasury 
 of the United States a fund, to be known as the `Non-Federal 
 Funding Account for the Lower Colorado River Multi-Species 
 Conservation Program', consisting of--
 ``
        (A) any amounts deposited in the Fund under 
 paragraph

    (3) ; and
 ``
        (B) any interest earned on investment of amounts 
 in the Fund under paragraph

    (4) .
 ``

    (3) Deposits to fund.--
 ``
        (A) In general.--Pursuant to 

section 8.4 of the 
 Agreement, the Secretary of the Treasury shall deposit 
 in the Fund--
 ``
            (i) any unexpended non-Federal 
 contributions provided before the date of 
 enactment of this subsection; and
 ``
            (ii) any non-Federal contributions 
 provided on or after the date of enactment of 
 this subsection.
 ``
        (B) Availability of amounts; expenditure.--
 Amounts deposited in the Fund under subparagraph
        (A) and any interest on those amounts in the Fund shall be 
 made available to the Secretary, without further 
 appropriation, for expenditure--
 ``
            (i) as provided in the Program Documents; 
 and
 ``
            (ii) in accordance with this section.
 ``

    (4) Investment of amounts.--
 ``
        (A) In general.--The Secretary of the Treasury 
 may invest any portion of the Fund that is not, as 
 determined by the Secretary, required to meet the 
 current needs of the Fund.
 ``
        (B) Requirement.--Investments under subparagraph
        (A) may be made only in interest-bearing obligations of 
 the United States.
 ``

    (5) Transfers of amounts.--
 ``
        (A) Transfer of previously contributed funds.--
 The amounts required to be deposited in the Fund under 
 paragraph

    (3)
        (A)
            (i) shall be transferred from the 
 general fund of the Treasury to the Fund not later than 
 90 days after the date of enactment of this subsection.
 ``
        (B) Transfer of future contributed funds.--As 
 soon as practicable after the date on which amounts 
 described in paragraph

    (3)
        (A)
            (ii) are contributed, 
 those amounts shall be transferred to the Fund.
 ``
            (C) Responsibility of state parties.--In 
 accordance with the Agreement, on deposit of amounts in 
 the Fund under paragraph

    (3) , the State Parties shall 
 not be responsible for any losses due to investment of 
 those amounts the Fund.''.
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