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

33 U.S.C. § 2315b (N/A)
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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.

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.

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.

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

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