Urban Canal Modernization Act: Funding Critical Infrastructure Repairs.
This law aims to modernize canals located near urban areas by authorizing extraordinary operation and maintenance work. It introduces the definition of an "urban canal of concern," the failure of which could endanger more than 100 individuals. The Act outlines cost-sharing between federal, state, and operating entities and sets a limit on federal funding.
Key points
Establishes the term "urban canal of concern" for infrastructure whose failure poses a risk to an estimated population of more than 100 individuals.
Creates a funding mechanism for extraordinary work: The Federal government covers 25% (nonreimbursable), state/local governments cover 10%, and the remainder is a repayable advance to the canal operator.
Sets a limit of $300 million for Federal costs associated with extraordinary operation and maintenance work on these canals.
Status:
Expired
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