(a)
Establishment— Not later than 60 days after the date of enactment of this Act, the Administrator of the Environmental Protection Agency shall establish a program to facilitate land acquisitions made for the purpose of improving water quality.
(b)
Grant authority— In carrying out the program established under subsection (a), the Administrator may make a grant, in accordance with this section, to any State.
(c)
Applications— To be eligible for a grant under subsection (b), a State shall submit to the Administrator an application at such time, in such form, and containing such information as the Administrator may require.
(d)
Grant use— A State may use grant amounts provided under subsection (b) only—
(1)
to acquire private land; and
(2)
if the acquisition of the land will substantially improve, as determined by the Administrator, water quality for an area (including by means of water storage, water treatment, estuary restoration, or ecosystem restoration).
(e)
Federal share— The Federal share of the costs of any land acquisition assisted with a grant under subsection (b) shall not exceed 50 percent.
(f)
State defined— In this section, the term State means any governmental entity of the several States, the District of Columbia, or a territory or possession of the United States.
(g)
Authorization of appropriations— There is authorized to be appropriated to the Administrator for each fiscal year $750,000,000 to carry out this section.