Increased Flood and Drought Protection: New Funding for Multi-Benefit Environmental Projects.
This law significantly changes how watershed protection and flood prevention projects are funded, mandating that at least 50% of funds go toward multi-benefit projects that improve water quality, protect habitats, and reduce drought impact. Citizens benefit from better protection against natural disasters and access to improved recreational areas and cleaner water, as these projects can be approved even without meeting traditional cost-benefit ratios. Furthermore, local organizations and tribes receive increased financial support and faster administrative decisions.
Key points
Environmental Priority: At least half of federal funds must be allocated to projects that simultaneously protect against floods/droughts and improve the environment (e.g., water quality, wildlife habitats).
Faster Local Action: State authorities and local organizations (including non-profits) gain more flexibility and a faster project approval process (maximum 45 days for a decision).
Increased Loans: The maximum loan amount available to local organizations for conservation work has been raised from $5 million to $10 million.
New Evaluation Criteria: Multi-benefit projects (like habitat improvement) can be approved even if their costs exceed traditionally measured financial benefits.
Expired
Citizen Poll