H.R. 831

119th CONGRESS 1st Session

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 HOUSE OF REPRESENTATIVES · January 31, 2025 · Sponsor: Mr. Calvert · Committee: Committee on Natural Resources

Table of contents

• H.R. 831
  • SEC. 1. Short title
  • SEC. 2. Interest-bearing fund

SEC. 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 (; 123 Stat. 1328) is amended by adding at the end the following: Public Law 111–11
  • (c) Interest-Bearing account for non-Federal contributions
    • (1) Definitions
      • In this subsection:
      • Definitions
      • (A) Agreement
        • The term means the agreement entitled the and dated April 4, 2005. Agreement Lower Colorado River Multi-Species Conservation Program Funding and Management Agreement
      • (B) Fund
        • The term 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 means an amount contributed by a State Party for the non-Federal cost share described in section 8 of the Agreement. non-Federal contribution
      • (D) State party
        • The term has the meaning given the term in section 3 of the Agreement. State Party
    • (2) Establishment
      • There is established in the Treasury of the United States a fund, to be known as the , consisting of— Non-Federal Funding Account for the Lower Colorado River Multi-Species Conservation Program
        • any amounts deposited in the Fund under paragraph (3); and
        • 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
        • (i) Amounts deposited in the Fund under subparagraph (A) shall be made available to the Secretary, without further appropriation, for expenditure—
        • as provided in the Program Documents; and
        • in accordance with this section.
        • (ii) Amounts derived from interest earned on amounts in the Fund under subparagraph (A) shall be made available, subject to the availability of appropriations, to the Secretary for expenditure—
        • as provided in the Program Documents; and
        • 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.