Reinvesting In Vital Economic Rivers and Waterways Act of 2013
A BILL
To provide funding for construction and major rehabilitation for projects located on inland and intracoastal waterways of the United States, and for other purposes.
2. Findings
3. Purposes
4. Definitions
5. Project delivery process reforms
6. 20-year capital investment program
7. Limitation on expenditures from the Inland Waterways Trust Fund
“(d) Limitation on expenditures from trust fund
“(1) In general—Amounts in the Inland Waterways Trust Fund shall not be available for expenditures for—
“(A) construction or rehabilitation of dams, or
“(B) any rehabilitation expenditure that does not equal or exceed $50,000,000.
“(2) Restriction on total cost—Amounts in the Inland Waterways Trust Fund shall not be used to pay for any part of the cost to construct an authorized Federal project that exceeds the sum of—
“(A) the amount equal to—
“(i) the total authorized cost to construct the Federal project as specified in the Public Law that authorized construction of the project or, in the case of a rehabilitation project, in the relevant rehabilitation evaluation report, multiplied by
“(ii) the cost-of-living adjustment determined under section 1(f)(3) for the year in which construction or rehabilitation under the project begins (determined by substituting the year that precedes the calendar year in which such project was authorized for “1992” in subparagraph (B) of such section), and
“(B) any additional amount that is jointly agreed to by the Secretary and the Inland Waterways Users Board as appropriate to the project.”
8. Revision to inland waterways user fee
“(A) The Inland Waterways Trust Fund financing rate is the rate determined in accordance with the following table:”