Bill > HR2293

This bill, the Flood Control Credit Act of 2013, amends the Flood Control Act of 1970 to allow for greater flexibility in how non-Federal entities (like states or local governments) receive credit for their contributions to water resources projects, such as flood control or environmental infrastructure. Specifically, it permits the Secretary of the Army to apply excess credit from in-kind contributions (work or materials provided instead of money) made by a non-Federal interest for one project towards the required cost-share of a different project, provided a comprehensive plan is submitted and approved, and the total credit does not exceed the total non-Federal cost-share for the planned projects. The bill also clarifies rules for when construction and planning work performed by non-Federal interests before formal agreements are finalized can be eligible for credit, and it allows for credit to be transferred between different parts of the same project or to other projects within the same watershed. Additionally, it requires the Secretary to consider whether applying excess credit will expedite project completion, reduce federal costs, or aid projects with significant flood risk reduction or environmental benefits, and mandates reports on the use of this new authority.