Flooding Prevention, Assessment, and Restoration Act of 2023
A BILL
To amend the Agricultural Credit Act of 1978 with respect to the emergency watershed program, and for other purposes.
Sec. 2 Emergency watershed program
“(c) Level of restoration—In carrying out this section, the Secretary may undertake measures that increase the level of protection above that which would be necessary to address the immediate impairment of the watershed if the Secretary determines that such restoration is in the best interest of the long-term health and the protection of the watershed from repetitive impairments.”
Sec. 3 National agriculture flood vulnerability study
Sec. 4 Rehabilitation of structural measures near, at, or past their evaluated life expectancy
“(2) Amount of assistance; limitations
“(A) In general—The amount of Federal funds that may be made available under this subsection to a local organization for construction of a particular rehabilitation project shall be equal to 65 percent of the total rehabilitation costs, but not to exceed 100 percent of actual construction costs incurred in the rehabilitation.
“(B) Limited resource areas—Notwithstanding subparagraph (A), the Secretary may contribute up to 90 percent of the total rehabilitation costs to a local organization for construction of a particular rehabilitation project that serves a limited resource area, as determined by the Secretary, but not to exceed 100 percent of actual construction costs incurred in the rehabilitation.
“(C) Costs of resource rights and permits—The local organization shall be responsible for the costs of water, mineral, and other resource rights and all Federal, State, and local permits.”