Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB291 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 291
5	5	To establish an interest-bearing account for the non-Federal contributions
6	6	to the Lower Colorado River Multi-Species Conservation Program, and
7	7	for other purposes.
8	8	IN THE SENATE OF THE UNITED STATES
9	9	JANUARY29, 2025
10	10	Mr. P
11	11	ADILLA(for himself, Ms. CORTEZMASTO, Mr. SCHIFF, Ms. ROSEN, and
12	12	Mr. K
13	13	ELLY) introduced the following bill; which was read twice and re-
14	14	ferred to the Committee on Energy and Natural Resources
15	15	A BILL
16	16	To establish an interest-bearing account for the non-Federal
17	17	contributions to the Lower Colorado River Multi-Species
18	18	Conservation Program, and for other purposes.
19	19	Be it enacted by the Senate and House of Representa-1
20	20	tives of the United States of America in Congress assembled, 2
21	21	SECTION 1. SHORT TITLE. 3
22	22	This Act may be cited as the ‘‘Lower Colorado River 4
23	23	Multi-Species Conservation Program Amendment Act of 5
24	24	2025’’. 6
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27	27	•S 291 IS
28	28	SEC. 2. INTEREST-BEARING FUND. 1
29	29	Section 9402 of the Omnibus Public Land Manage-2
30	30	ment Act of 2009 (Public Law 111–11; 123 Stat. 1328) 3
31	31	is amended by adding at the end the following: 4
32	32	‘‘(c) I
33	33	NTEREST-BEARINGACCOUNT FOR NON-FED-5
34	34	ERALCONTRIBUTIONS.— 6
35	35	‘‘(1) D
36	36	EFINITIONS.—In this subsection: 7
37	37	‘‘(A) A
38	38	GREEMENT.—The term ‘Agreement’ 8
39	39	means the agreement entitled the ‘Lower Colo-9
40	40	rado River Multi-Species Conservation Program 10
41	41	Funding and Management Agreement’ and 11
42	42	dated April 4, 2005. 12
43	43	‘‘(B) F
44	44	UND.—The term ‘Fund’ means the 13
45	45	Non-Federal Funding Account for the Lower 14
46	46	Colorado River Multi-Species Conservation Pro-15
47	47	gram established by paragraph (2). 16
48	48	‘‘(C) N
49	49	ON-FEDERAL CONTRIBUTION .—The 17
50	50	term ‘non-Federal contribution’ means an 18
51	51	amount contributed by a State Party for the 19
52	52	non-Federal cost share described in section 8 of 20
53	53	the Agreement. 21
54	54	‘‘(D) S
55	55	TATE PARTY.—The term ‘State 22
56	56	Party’ has the meaning given the term in sec-23
57	57	tion 3 of the Agreement. 24
58	58	‘‘(2) E
59	59	STABLISHMENT.—There is established in 25
60	60	the Treasury of the United States a fund, to be 26
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63	63	•S 291 IS
64	64	known as the ‘Non-Federal Funding Account for the 1
65	65	Lower Colorado River Multi-Species Conservation 2
66	66	Program’, consisting of— 3
67	67	‘‘(A) any amounts deposited in the Fund 4
68	68	under paragraph (3); and 5
69	69	‘‘(B) any interest earned on investment of 6
70	70	amounts in the Fund under paragraph (4). 7
71	71	‘‘(3) D
72	72	EPOSITS TO FUND.— 8
73	73	‘‘(A) I
74	74	N GENERAL.—Pursuant to section 9
75	75	8.4 of the Agreement, the Secretary of the 10
76	76	Treasury shall deposit in the Fund— 11
77	77	‘‘(i) any unexpended non-Federal con-12
78	78	tributions provided before the date of en-13
79	79	actment of this subsection; and 14
80	80	‘‘(ii) any non-Federal contributions 15
81	81	provided on or after the date of enactment 16
82	82	of this subsection. 17
83	83	‘‘(B) A
84	84	VAILABILITY OF AMOUNTS ; EX-18
85	85	PENDITURE.—Amounts deposited in the Fund 19
86	86	under subparagraph (A) and any interest on 20
87	87	those amounts in the Fund shall be made avail-21
88	88	able to the Secretary, without further appro-22
89	89	priation, for expenditure— 23
90	90	‘‘(i) as provided in the Program Docu-24
91	91	ments; and 25
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94	94	•S 291 IS
95	95	‘‘(ii) in accordance with this section. 1
96	96	‘‘(4) I
97	97	NVESTMENT OF AMOUNTS .— 2
98	98	‘‘(A) I
99	99	N GENERAL.—The Secretary of the 3
100	100	Treasury may invest any portion of the Fund 4
101	101	that is not, as determined by the Secretary, re-5
102	102	quired to meet the current needs of the Fund. 6
103	103	‘‘(B) R
104	104	EQUIREMENT.—Investments under 7
105	105	subparagraph (A) may be made only in inter-8
106	106	est-bearing obligations of the United States. 9
107	107	‘‘(5) T
108	108	RANSFERS OF AMOUNTS .— 10
109	109	‘‘(A) T
110	110	RANSFER OF PREVIOUSLY CONTRIB -11
111	111	UTED FUNDS.—The amounts required to be de-12
112	112	posited in the Fund under paragraph (3)(A)(i) 13
113	113	shall be transferred from the general fund of 14
114	114	the Treasury to the Fund not later than 90 15
115	115	days after the date of enactment of this sub-16
116	116	section. 17
117	117	‘‘(B) T
118	118	RANSFER OF FUTURE CONTRIB -18
119	119	UTED FUNDS.—As soon as practicable after the 19
120	120	date on which amounts described in paragraph 20
121	121	(3)(A)(ii) are contributed, those amounts shall 21
122	122	be transferred to the Fund. 22
123	123	‘‘(C) R
124	124	ESPONSIBILITY OF STATE PAR -23
125	125	TIES.—In accordance with the Agreement, on 24
126	126	deposit of amounts in the Fund under para-25
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129	129	•S 291 IS
130	130	graph (3), the State Parties shall not be re-1
131	131	sponsible for any losses due to investment of 2
132	132	those amounts the Fund.’’. 3
133	133	Æ
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