305 
SEC. 5101. NORTHEAST PENNSYLVANIA. 
Section 219(f)(11) of the Water Resources Development 
Act of 1992 (113 Stat. 335) is amended by striking ‘‘and 
Monroe’’ and inserting ‘‘Northumberland, Union, Snyder, 
Luzerne, and Monroe’’. 
SEC. 5102. UPPER SUSQUEHANNA RIVER BASIN, PENNSYL-
VANIA AND NEW YORK. 
(a) STUDY AND STRATEGY DEVELOPMENT.—Section 
567(a) of the Water Resources Development Act of 1996 
(110 Stat. 3787; 114 Stat. 2662) is amended— 
(1) in the matter preceding paragraph (1) by in-
serting ‘‘and carry out’’ after ‘‘develop’’; and 
(2) in paragraph (2) by striking ‘‘$10,000,000.’’ 
and inserting ‘‘$20,000,000, of which the Secretary 
may utilize not more than $5,000,000 to design and 
construct feasible pilot projects during the develop-
ment of the strategy to demonstrate alternative ap-
proaches for the strategy. The total cost for any single 
pilot project may not exceed $500,000. The Secretary 
shall evaluate the results of the pilot projects and con-
sider the results in the development of the strategy.’’. 
(b) COOPERATIVE AGREEMENTS.—Section 567(c) of 
such Act (114 Stat. 2662) is amended— 
(1) in the subsection heading by striking ‘‘CO-
OPERATION’’ and inserting ‘‘COOPERATIVE’’; and 
(2) in the first sentence— 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00305
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
306 
(A) by inserting ‘‘and carrying out’’ after 
‘‘developing’’; and 
(B) by striking ‘‘cooperation’’ and inserting 
‘‘cost-sharing and cooperative’’. 
(c) IMPLEMENTATION OF STRATEGY.—Section 567(d) 
of such Act (114 Stat. 2663) is amended— 
(1) by striking ‘‘The Secretary’’ and inserting 
the following: 
‘‘(1) IN GENERAL.—The Secretary’’; 
(2) in the second sentence of paragraph (1) (as 
so designated)— 
(A) by striking ‘‘implement’’ and inserting 
‘‘carry out’’; and 
(B) by striking ‘‘implementing’’ and insert-
ing ‘‘carrying out’’; 
(3) by adding at the end the following: 
‘‘(2) PRIORITY
PROJECT.—In carrying out 
projects to implement the strategy, the Secretary shall 
give priority to the project for ecosystem restoration, 
Cooperstown, New York, described in the Upper Sus-
quehanna River Basin—Cooperstown Area Ecosystem 
Restoration Feasibility Study, dated December 2004, 
prepared by the Corps of Engineers and the New York 
State Department of Environmental Conservation.’’; 
and 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00306
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
307 
(4) by aligning the remainder of the text of 
paragraph (1) (as designated by paragraph (1) of this 
subsection) with paragraph (2) (as added by para-
graph (3) of this subsection). 
(d) CREDIT.—Section 567 of such Act (110 Stat. 3787; 
114 Stat. 2662) is amended by adding at the end the fol-
lowing: 
‘‘(e) CREDIT.—The Secretary shall credit toward the 
non-Federal share of the cost of a project under this sec-
tion— 
‘‘(1) the cost of design and construction work 
carried out by the non-Federal interest before the date 
of the partnership agreement for the project if the Sec-
retary determines that the work is integral to the 
project; and 
‘‘(2) the cost of in-kind services and materials 
provided for the project by the non-Federal interest.’’. 
SEC. 5103. CANO MARTIN PENA, SAN JUAN, PUERTO RICO. 
The Secretary shall review a report prepared by the 
non-Federal interest concerning flood protection and envi-
ronmental restoration for Cano Martin Pena, San Juan, 
Puerto Rico, and, if the Secretary determines that the re-
port meets the evaluation and design standards of the Corps 
of Engineers and that the project is feasible, the Secretary 
may carry out the project at a total cost of $130,000,000, 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00307
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
308 
with an estimated Federal cost of $85,000,000 and an esti-
mated non-Federal cost of $45,000,000. 
SEC. 5104. CHEYENNE RIVER SIOUX TRIBE, LOWER BRULE 
SIOUX TRIBE, AND TERRESTRIAL WILDLIFE 
HABITAT RESTORATION, SOUTH DAKOTA. 
(a) DISBURSEMENT PROVISIONS OF THE STATE OF 
SOUTH DAKOTA AND THE CHEYENNE RIVER SIOUX TRIBE 
AND
THE LOWER BRULE SIOUX TRIBE TERRESTRIAL 
WILDLIFE HABITAT RESTORATION TRUST FUNDS.—Sec-
tion 602(a)(4) of the Water Resources Development Act of 
1999 (113 Stat. 386) is amended— 
(1) in subparagraph (A)— 
(A) in clause (i) by inserting ‘‘and the Sec-
retary of the Treasury’’ after ‘‘Secretary’’; and 
(B) by striking clause (ii) and inserting the 
following: 
‘‘(ii) AVAILABILITY
OF
FUNDS.—On 
notification in accordance with clause (i), 
the Secretary of the Treasury shall make 
available to the State of South Dakota 
funds from the State of South Dakota Ter-
restrial Wildlife Habitat Restoration Trust 
Fund established under section 603, to be 
used to carry out the plan for terrestrial 
wildlife habitat restoration submitted by the 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00308
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
309 
State of South Dakota after the State cer-
tifies to the Secretary of the Treasury that 
the funds to be disbursed will be used in ac-
cordance with section 603(d)(3) and only 
after the Trust Fund is fully capitalized.’’; 
and 
(2) in subparagraph (B) by striking clause (ii) 
and inserting the following: 
‘‘(ii) AVAILABILITY
OF
FUNDS.—On 
notification in accordance with clause (i), 
the Secretary of the Treasury shall make 
available to the Cheyenne River Sioux Tribe 
and the Lower Brule Sioux Tribe funds 
from the Cheyenne River Sioux Terrestrial 
Wildlife Habitat Restoration Trust Fund 
and the Lower Brule Sioux Terrestrial 
Wildlife Habitat Restoration Trust Fund, 
respectively, established under section 604, 
to be used to carry out the plans for terres-
trial wildlife habitat restoration submitted 
by the Cheyenne River Sioux Tribe and the 
Lower Brule Sioux Tribe, respectively, to 
after the respective tribe certifies to the Sec-
retary of the Treasury that the funds to be 
disbursed will be used in accordance with 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00309
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
310 
section 604(d)(3) and only after the Trust 
Fund is fully capitalized.’’. 
(b) INVESTMENT PROVISIONS
OF
THE STATE
OF 
SOUTH DAKOTA TERRESTRIAL WILDLIFE RESTORATION 
TRUST FUND.—Section 603 of the Water Resources Devel-
opment Act of 1999 (113 Stat. 388; 114 Stat. 2664) is 
amended— 
(1) by striking subsection (c) and inserting the 
following: 
‘‘(c) INVESTMENTS.— 
‘‘(1) ELIGIBLE OBLIGATIONS.—Notwithstanding 
any other provision of law, the Secretary of the Treas-
ury shall invest the amounts deposited under sub-
section (b) and the interest earned on those amounts 
only in interest-bearing obligations of the United 
States issued directly to the Fund. 
‘‘(2) INVESTMENT REQUIREMENTS.— 
‘‘(A) IN
GENERAL.—The Secretary of the 
Treasury shall invest the amounts in the Fund 
in accordance with the requirements of this 
paragraph. 
‘‘(B) SEPARATE
INVESTMENTS
OF
PRIN-
CIPAL AND INTEREST.— 
‘‘(i) 
PRINCIPAL
ACCOUNT.—The 
amounts deposited in the Fund under sub-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00310
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
311 
section (b) shall be credited to an account 
within the Fund (referred to in this para-
graph as the ‘principal account’) and in-
vested as provided in subparagraph (C). 
‘‘(ii) INTEREST ACCOUNT.—The inter-
est earned from investing amounts in the 
principal account of the Fund shall be 
transferred to a separate account within the 
Fund (referred to in this paragraph as the 
‘interest account’) and invested as provided 
in subparagraph (D). 
‘‘(iii) CREDITING.—The interest earned 
from investing amounts in the interest ac-
count of the Fund shall be credited to the 
interest account. 
‘‘(C) 
INVESTMENT
OF
PRINCIPAL
AC-
COUNT.— 
‘‘(i) 
INITIAL
INVESTMENT.—Each 
amount deposited in the principal account 
of the Fund shall be invested initially in el-
igible obligations having the shortest matu-
rity then available until the date on which 
the amount is divided into 3 substantially 
equal portions and those portions are in-
vested in eligible obligations that are iden-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00311
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
312 
tical (except for transferability) to the next- 
issued publicly issued Treasury obligations 
having a 2-year maturity, a 5-year matu-
rity, and a 10-year maturity, respectively. 
‘‘(ii) SUBSEQUENT
INVESTMENT.—As 
each 2-year, 5-year, and 10-year eligible ob-
ligation matures, the principal of the ma-
turing eligible obligation shall also be in-
vested initially in the shortest-maturity eli-
gible obligation then available until the 
principal is reinvested substantially equally 
in the eligible obligations that are identical 
(except for transferability) to the next-issued 
publicly issued Treasury obligations having 
2-year, 5-year, and 10-year maturities. 
‘‘(iii) DISCONTINUANCE OF ISSUANCE 
OF OBLIGATIONS.—If the Department of the 
Treasury discontinues issuing to the public 
obligations having 2-year, 5-year, or 10- 
year maturities, the principal of any ma-
turing eligible obligation shall be reinvested 
substantially equally in eligible obligations 
that are identical (except for transfer-
ability) to the next-issued publicly issued 
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00312
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
313 
Treasury obligations of the maturities 
longer than 1 year then available. 
‘‘(D) 
INVESTMENT
OF
INTEREST
AC-
COUNT.— 
‘‘(i) BEFORE FULL CAPITALIZATION.— 
Until the date on which the Fund is fully 
capitalized, amounts in the interest account 
of the Fund shall be invested in eligible obli-
gations that are identical (except for trans-
ferability) to publicly issued Treasury obli-
gations that have maturities that coincide, 
to the maximum extent practicable, with the 
date on which the Fund is expected to be 
fully capitalized. 
‘‘(ii) AFTER FULL CAPITALIZATION.— 
On and after the date on which the Fund 
is fully capitalized, amounts in the interest 
account of the Fund shall be invested and 
reinvested in eligible obligations having the 
shortest maturity then available until the 
amounts are withdrawn and transferred to 
fund the activities authorized under sub-
section (d)(3). 
‘‘(E) PAR PURCHASE PRICE.—The price to 
be paid for eligible obligations purchased as in-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00313
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
314 
vestments of the principal account shall not ex-
ceed the par value of the obligations so that the 
amount of the principal account shall be pre-
served in perpetuity. 
‘‘(F) HIGHEST YIELD.—Among eligible obli-
gations having the same maturity and purchase 
price, the obligation to be purchased shall be the 
obligation having the highest yield. 
‘‘(G) HOLDING TO MATURITY.—Eligible ob-
ligations purchased shall generally be held to 
their maturities. 
‘‘(3) ANNUAL REVIEW OF INVESTMENT ACTIVI-
TIES.—Not less frequently than once each calendar 
year, the Secretary of the Treasury shall review with 
the State of South Dakota the results of the invest-
ment activities and financial status of the Fund dur-
ing the preceding 12-month period. 
‘‘(4) AUDITS.— 
‘‘(A) IN
GENERAL.—The activities of the 
State of South Dakota (referred to in this sub-
section as the ‘State’) in carrying out the plan 
of the State for terrestrial wildlife habitat res-
toration under section 602(a) shall be audited as 
part of the annual audit that the State is re-
quired to prepare under the Office of Manage-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00314
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
315 
ment and Budget Circular A–133 (or a successor 
circulation). 
‘‘(B) DETERMINATION
BY
AUDITORS.—An 
auditor that conducts an audit under subpara-
graph (A) shall— 
‘‘(i) determine whether funds received 
by the State under this section during the 
period covered by the audit were used to 
carry out the plan of the State in accord-
ance with this section; and 
‘‘(ii) include the determination under 
clause (i) in the written findings of the 
audit. 
‘‘(5) MODIFICATION OF INVESTMENT REQUIRE-
MENTS.— 
‘‘(A) IN GENERAL.—If the Secretary of the 
Treasury determines that meeting the require-
ments under paragraph (2) with respect to the 
investment of a Fund is not practicable, or 
would result in adverse consequences for the 
Fund, the Secretary shall modify the require-
ments, as the Secretary determines to be nec-
essary. 
‘‘(B) CONSULTATION.—Before modifying a 
requirement under subparagraph (A), the Sec-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00315
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
316 
retary of the Treasury shall consult with the 
State regarding the proposed modification.’’; 
(2) in subsection (d)(2) by inserting ‘‘of the 
Treasury’’ after ‘‘Secretary’’; and 
(3) by striking subsection (f) and inserting the 
following: 
‘‘(f) ADMINISTRATIVE EXPENSES.—There are author-
ized to be appropriated to the Secretary of the Treasury 
to pay expenses associated with investing the Fund and au-
diting the uses of amounts withdrawn from the Fund— 
‘‘(1) $500,000 for each of fiscal years 2006 and 
2007; and 
‘‘(2) such sums as are necessary for each subse-
quent fiscal year.’’. 
(c) INVESTMENT PROVISIONS
FOR
THE CHEYENNE 
RIVER SIOUX TRIBE AND LOWER BRULE SIOUX TRIBE 
TRUST FUNDS.—Section 604 of the Water Resources Devel-
opment Act of 1999 (113 Stat. 389; 114 Stat. 2665) is 
amended— 
(1) by striking subsection (c) and inserting the 
following: 
‘‘(c) INVESTMENTS.— 
‘‘(1) ELIGIBLE OBLIGATIONS.—Notwithstanding 
any other provision of law, the Secretary of the Treas-
ury shall invest the amounts deposited under sub-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00316
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS
317 
section (b) and the interest earned on those amounts 
only in interest-bearing obligations of the United 
States issued directly to the Funds. 
‘‘(2) INVESTMENT REQUIREMENTS.— 
‘‘(A) IN
GENERAL.—The Secretary of the 
Treasury shall invest the amounts in each of the 
Funds in accordance with the requirements of 
this paragraph. 
‘‘(B) SEPARATE
INVESTMENTS
OF
PRIN-
CIPAL AND INTEREST.— 
‘‘(i) 
PRINCIPAL
ACCOUNT.—The 
amounts deposited in each Fund under sub-
section (b) shall be credited to an account 
within the Fund (referred to in this para-
graph as the ‘principal account’) and in-
vested as provided in subparagraph (C). 
‘‘(ii) INTEREST ACCOUNT.—The inter-
est earned from investing amounts in the 
principal account of each Fund shall be 
transferred to a separate account within the 
Fund (referred to in this paragraph as the 
‘interest account’) and invested as provided 
in subparagraph (D). 
‘‘(iii) CREDITING.—The interest earned 
from investing amounts in the interest ac-
VerDate Aug 31 2005 
23:01 Apr 05, 2007
Jkt 059200
PO 00000
Frm 00317
Fmt 6652
Sfmt 6203
E:\BILLS\H1495.RH
H1495
pwalker on PROD1PC71 with BILLS