Section 1 Short title
This Act may be cited as the “Drought Resilience Investment Act of 2015”.
Drought Resilience Investment Act of 2015
A BILL
To amend the Water Resources Reform and Development Act of 2014 to provide additional financing options for water infrastructure projects carried out in States in which the Governor of the State has issued a state of drought emergency declaration, and for other purposes.
Sec. 2 Financing of water infrastructure projects in States with drought declarations
Section 5028(a) of the Water Resources Reform and Development Act of 2014 (128 Stat. 1336) is amended—
in paragraph (5) by striking “No project” and inserting “Except as provided in paragraph (8), no project”; and
by adding at the end the following:
“(8) Projects in States with drought declarations
“(A) Exemption—Paragraph (5) shall not apply with respect to a project carried out in a State during any period in which the State has in effect a state of drought declaration issued by the Governor of the State.
“(B) Period of state of drought declaration—For purposes of subparagraph (A), a state of drought declaration shall remain in effect until the date on which the Governor rescinds the declaration.
“(C) Sunset date—This paragraph shall cease to apply beginning on September 30, 2018.”