To provide Crediting Authority for Federally Authorized Navigation Projects.

SA 911. Mr. COCHRAN submitted an amendment intended to be proposed by him to the bill S. 601, to provide for the conservation and development of water and related resources, to authorize the Secretary of the Army to construct various projects for improvements to rivers and harbors of the United States, and for other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert:

Crediting Authority for Federally Authorized Navigation Projects

Sec.__. A non-Federal interest for a navigation project that carries out operation and maintenance activities for that project may receive credit for the costs incurred by the non-Federal interest in carrying out such activities towards that non-Federal interest's share of construction costs for a federally authorized element of the same project or another Federally authorized navigation project, except that in no instance may such credit exceed 10 percent of the costs associated with construction of the general navigation features of the project for which such credit may be received pursuant to this section.