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Interest-bearing account established for Lower Colorado River conservation funding.

This Act establishes a special, interest-bearing account within the U.S. Treasury dedicated to funding the Lower Colorado River Multi-Species Conservation Program. This change ensures that non-federal contributions from State Parties for environmental protection and species conservation in the region will earn interest, increasing the total funds available for these efforts. For citizens, this means potentially more robust and stable funding for protecting water resources and biodiversity in the vital Colorado River ecosystem.
Key points
Creation of an interest-bearing Non-Federal Funding Account for State contributions to the Lower Colorado River Multi-Species Conservation Program.
State contributions and earned interest will be automatically available for program expenditure without requiring further Congressional appropriation.
State Parties contributing funds are relieved of responsibility for any losses resulting from the investment of these funds by the U.S. Treasury.
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Additional Information
Print number: 118_S_5012
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2024-09-10