S. 2034: To authorize the International Boundary and Water Commission to accept funds for activities relating to wastewater treatment and flood control works, and for other purposes.

This bill authorizes the International Boundary and Water Commission (IBWC) to accept funding for projects related to wastewater treatment and flood control in the United States and Mexico. Here’s a breakdown of what the bill entails:

Authorization for Fund Acceptance

The IBWC is given the power to accept funds from both federal and non-federal sources. This funding can come through:

• Grants
• Funding agreements

The funds can be used for a variety of activities, including:

• Studying wastewater treatment
• Designing and constructing wastewater treatment facilities
• Operating and maintaining these facilities
• Water conservation projects
• Flood control works
• Related structures necessary for these tasks

Deposit of Funds

Funds accepted by the commission must be deposited into a specific account in the U.S. Treasury, named "International Boundary and Water Commission, United States and Mexico". These funds will be available for use until they are fully expended on the authorized activities.

Limitations on Funding

The bill includes several limitations regarding the funds that can be accepted:

• The IBWC cannot reimburse or provide credit towards the non-federal share of a project for more than $5,000,000 in a single fiscal year.
• Funds cannot be accepted from non-federal entities that:
• Are based in or associated with a foreign country deemed a concern, or
• Have agreements involving a foreign country of concern.

Reporting Requirements

At the end of every fiscal year, the IBWC must submit a report to several congressional committees. This report should detail:

• The activities funded
• The costs associated with these activities

Definitions

The bill defines key terms such as:

• Commission: Refers specifically to the United States Section of the International Boundary and Water Commission.
• Foreign country of concern: This term has a specific definition as stated in the Research and Development, Competition, and Innovation Act.

Relevant Companies

None found