[Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)]
[Senate]
[Page S3259]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 6046. Mr. PADILLA submitted an amendment intended to be proposed
by him to the bill S. 4784, to authorize appropriations for fiscal year
2027 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle G of title X, add the following:
SEC. 1094. INTEREST-BEARING ACCOUNT FOR THE NON-FEDERAL
CONTRIBUTIONS TO THE LOWER COLORADO RIVER
MULTI-SPECIES CONSERVATION PROGRAM.
Section 9402 of the Omnibus Public Land Management Act of
2009 (Public Law 111-11; 123 Stat. 1328) is amended by adding
at the end the following:
``(c) Interest-Bearing Account for Non-Federal
Contributions.--
``(1) Definitions.--In this subsection:
``(A) Agreement.--The term `Agreement' means the agreement
entitled the `Lower Colorado River Multi-Species Conservation
Program Funding and Management Agreement' and dated April 4,
2005.
``(B) Fund.--The term `Fund' means the Non-Federal Funding
Account for the Lower Colorado River Multi-Species
Conservation Program established by paragraph (2).
``(C) Non-federal contribution.--The term `non-Federal
contribution' means an amount contributed by a State Party
for the non-Federal cost share described in section 8 of the
Agreement.
``(D) State party.--The term `State Party' has the meaning
given the term in section 3 of the Agreement.
``(2) Establishment.--There is established in the Treasury
of the United States a fund, to be known as the `Non-Federal
Funding Account for the Lower Colorado River Multi-Species
Conservation Program', consisting of--
``(A) any amounts deposited in the Fund under paragraph
(3); and
``(B) any interest earned on investment of amounts in the
Fund under paragraph (4).
``(3) Deposits to fund.--
``(A) In general.--Pursuant to section 8.4 of the
Agreement, the Secretary of the Treasury shall deposit in the
Fund--
``(i) any unexpended non-Federal contributions provided
before the date of enactment of this subsection; and
``(ii) any non-Federal contributions provided on or after
the date of enactment of this subsection.
``(B) Availability of amounts.--
``(i) Expenditure.--Amounts deposited in the Fund under
subparagraph (A) shall be made available to the Secretary,
without further appropriation, for expenditure--
``(I) as provided in the Program Documents; and
``(II) in accordance with this section.
``(ii) Interest.--Amounts derived from interest earned on
amounts in the Fund under subparagraph (A) shall be made
available, subject to appropriation of amounts derived from
such interest, to the Secretary for expenditure--
``(I) as provided in the Program Documents; and
``(II) in accordance with this section.
``(4) Investment of amounts.--
``(A) In general.--The Secretary of the Treasury may invest
any portion of the Fund that is not, as determined by the
Secretary, required to meet the current needs of the Fund.
``(B) Requirement.--Investments under subparagraph (A) may
be made only in interest-bearing obligations of the United
States.
``(5) Transfers of amounts.--
``(A) Transfer of previously contributed funds.--The
amounts required to be deposited in the Fund under paragraph
(3)(A)(i) shall be transferred from the general fund of the
Treasury to the Fund not later than 90 days after the date of
enactment of this subsection.
``(B) Transfer of future contributed funds.--As soon as
practicable after the date on which amounts described in
paragraph (3)(A)(ii) are contributed, those amounts shall be
transferred to the Fund.
``(C) Responsibility of state parties.--In accordance with
the Agreement, on deposit of amounts in the Fund under
paragraph (3), the State Parties shall not be responsible for
any losses due to investment of those amounts the Fund.''.
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