Bill > HR831

This bill establishes a new interest-bearing account in the U.S. Treasury called the Non-Federal Funding Account for the Lower Colorado River Multi-Species Conservation Program (MSCP). The account will be used to manage and invest non-federal contributions from state parties to the MSCP, which is a conservation program aimed at protecting species in the Lower Colorado River region. The bill defines key terms like "non-Federal contribution" as amounts contributed by state parties for their cost-sharing portion of the program. The Treasury Secretary will deposit both existing and future non-federal contributions into this account and can invest the funds in U.S. government interest-bearing obligations when the money is not immediately needed. The deposited funds can be used by the Secretary for expenditures as outlined in the program's official documents, without requiring additional congressional appropriations. The bill also specifies that state parties will not be responsible for investment losses once their contributions are deposited. This legislation amends the Omnibus Public Land Management Act of 2009 to create this new funding mechanism for the multi-species conservation efforts.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/831/all-info