Collapse to view only § 2215. Feasibility studies; planning, engineering, and design
- § 2211. Harbors
- § 2211a. Preserving United States harbors
- § 2212. Inland waterway transportation
- § 2213. Flood control and other purposes
- § 2213a. Treatment of certain benefits and costs
- § 2214. General credit for flood control
- § 2215. Feasibility studies; planning, engineering, and design
- § 2216. Rate of interest
- § 2217. Limitation on applicability of certain provisions in reports
- § 2218. General applicability of cost sharing
- § 2219. Definitions
- § 2220. Rivers and harbors and other waterways projects for benefit of navigation, flood control, hurricane protection, beach erosion control, and other purposes
- § 2221. Cost limitations on projects
- § 2222. Use of other Federal funds
- § 2223. Transfer of excess credit
- § 2224. Crediting authority for federally authorized navigation projects
- § 2225. Credit or reimbursement
- § 2226. Water resources projects on Federal land
- § 2227. Clarification of impacts to other Federal facilities
Whenever a non-Federal interest is required or elects to repay an amount under this Act over a period of time, the amount to be repaid shall include interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period, during the month preceding the fiscal year in which costs for the construction of the project are first incurred (or in the case of recalculation the fiscal year in which the recalculation is made), plus a premium of one-eighth of one percentage point for transaction costs; except that such rates for hydroelectric power shall be in accordance with existing law.
If any provision in any report designated by this Act recommends that a State contribute in cash 5 percent of the construction costs allocated to non-vendible project purposes and 10 percent of the construction costs allocated to vendible project purposes, such provision shall not apply to the project recommended in such report.
Unless otherwise specified, the cost sharing provisions of this subchapter shall apply to all projects in this Act. The Federal share of any cost of a project authorized by this Act for which cost a Federal share is not established in this subchapter, shall be the share of such cost otherwise provided by law.
For purposes of this subchapter, terms shall have the meanings given by section 2241 of this title.
Beginning in fiscal year 2006 and thereafter, agreements proposed for execution by the Assistant Secretary of the Army for Civil Works or the United States Army Corps of Engineers after November 19, 2005, pursuant to section 560 of this title; section 561 1
A non-Federal interest may carry out operation and maintenance activities for an authorized navigation project, subject to the condition that the non-Federal interest complies with all Federal laws and regulations applicable to such operation and maintenance activities, and may receive credit for the costs incurred by the non-Federal interest in carrying out such activities towards the share of construction costs of that non-Federal interest for another element of the same project or another authorized navigation project, except that in no instance may such credit exceed 20 percent of the total costs associated with construction of the general navigation features of the project for which such credit may be applied pursuant to this section.
In any case where the modification or construction of a water resources development project carried out by the Secretary adversely impacts other Federal facilities, the Secretary may accept from other Federal agencies such funds as may be necessary to address the adverse impact, including by removing, relocating, or reconstructing those facilities.