{"identifier":"/us/usc/t33/s2315b","title":33,"num":"\u00a7\u202f2315b.","heading":"Transparency and accountability in cost sharing for water resources development projects","text":"\u00a7\u202f2315b.\nTransparency and accountability in cost sharing for water resources development projects\n(a)\nDefinition of balance sheet\nIn this section, the term \u201cbalance sheet\u201d means a document that describes\u2014\n(1) the funds provided by each Federal and non-Federal interest for a water resources development project; and\n(2) the status of those funds.\n(b)\nEstablishment of balance sheet\nEach district of the Corps of Engineers shall, using the authority of the Secretary under\n(1) maintain a balance sheet for each water resources development project carried out by the Secretary for which a non-Federal cost share is required; and\n(2) on request of a non-Federal interest that provided funds for the project, provide to the non-Federal interest a copy of the balance sheet.\n(c)\nUnder-budget projects\nIn the case of a water resources development project carried out by the Secretary that is completed at a cost less than the estimated cost, the Secretary shall transfer any excess non-Federal funds to the non-Federal interest in accordance with the cost-share requirement applicable to the project.","url":"https://projectusc.org/usc/t33/s2315b.html","content":[{"t":"sec","id":"/us/usc/t33/s2315b","children":[{"t":"num","text":"\u00a7\u202f2315b."},{"t":"heading","text":"Transparency and accountability in cost sharing for water resources development projects"},{"t":"subsec","id":"/us/usc/t33/s2315b/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Definition of balance sheet"},{"t":"chapeau","text":"In this section, the term \u201cbalance sheet\u201d means a document that describes\u2014"},{"t":"para","id":"/us/usc/t33/s2315b/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the funds provided by each Federal and non-Federal interest for a water resources development project; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t33/s2315b/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the status of those funds.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t33/s2315b/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Establishment of balance sheet"},{"t":"chapeau","text":"Each district of the Corps of Engineers shall, using the authority of the Secretary under ","children":[{"t":"ref","text":"section 2315 of this title","href":"/us/usc/t33/s2315","tail":"\u2014"}]},{"t":"para","id":"/us/usc/t33/s2315b/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" maintain a balance sheet for each water resources development project carried out by the Secretary for which a non-Federal cost share is required; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t33/s2315b/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" on request of a non-Federal interest that provided funds for the project, provide to the non-Federal interest a copy of the balance sheet.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t33/s2315b/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Under-budget projects"},{"t":"content","children":[{"t":"p","text":"In the case of a water resources development project carried out by the Secretary that is completed at a cost less than the estimated cost, the Secretary shall transfer any excess non-Federal funds to the non-Federal interest in accordance with the cost-share requirement applicable to the project.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}