Bill > S291

This bill establishes an interest-bearing account in the U.S. Treasury called the Non-Federal Funding Account for the Lower Colorado River Multi-Species Conservation Program. The account will collect and manage non-Federal contributions from State Parties for a conservation program established by an agreement dated April 4, 2005. Specifically, the bill allows the Secretary of the Treasury to deposit both existing and future non-Federal contributions into this fund, and to invest any portions of the fund not immediately needed in interest-bearing U.S. government obligations. The funds can be used by the Secretary for expenditures as outlined in the Program Documents, without requiring additional congressional appropriations. The bill defines key terms such as "State Party" and "non-Federal contribution" and ensures that state contributors will not be responsible for any investment losses. This legislation aims to provide a more structured and transparent financial mechanism for funding the ongoing multi-species conservation efforts along the Lower Colorado River.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/291/all-info