Sec. 201 Climate Change Resiliency Fund
Establishment—
In general— There is established within the Department of Commerce the “Climate Change Resiliency Fund”.
Responsibility of Secretary— The Secretary shall take such action as the Secretary determines to be necessary to assist in implementing the establishment of the Fund in accordance with this Act.
Climate change adaptation projects— The Secretary, in consultation with the Commission, shall carry out a program to provide funds to eligible applicants to carry out projects for a qualified climate change adaptation purpose.
Eligible entities— An entity eligible to participate in the program under subsection (b) shall include—
a Federal agency;
a State or a group of States;
a unit of local government or a group of local governments;
a utility district;
a tribal government or a consortium of tribal governments;
a State or regional transit agency or a group of State or regional transit agencies;
a nonprofit organization;
a special purpose district or public authority, including a port authority; and
any other entity, as determined by the Secretary.
Application— An eligible entity shall submit to the Secretary an application for a project for a qualified climate change adaptation purpose at such time, in such manner, and containing such information as the Secretary may require, including data relating to any benefits, such as economic impact or improvements to public health, that the project is expected to provide.
Selection— The Secretary shall select projects from eligible entities to receive funds under this section based on criteria and guidelines determined and published by the Commission.
Non-Federal funding requirement— In order to receive funds under this section, an eligible entity shall provide funds for the project in an amount that is equal to not less than 25 percent of the amount of funds provided under this section.
Maintenance of effort— All amounts deposited in the Fund in accordance with section 301(a) shall be used only to fund new projects in accordance with this Act.
Applicability of Federal law— Nothing in this Act waives the requirements of any Federal law (including regulations) that would otherwise apply to a qualified climate change project that receives funds under this section.