grants of varying amounts to State and local governments, 
nonprofit organizations, institutions of higher education, 
and other eligible entities to carry out restoration and pro-
tection activities for the Watershed. 
(b) CRITERIA.—The Secretary, in consultation with 
the agencies, organizations, and other persons referred to 
in section 4(c), shall develop criteria for the grant program 
to help ensure that activities funded under this section ac-
complish one or more of the purposes of this Act. 
(c) COST SHARING.— 
(1) FEDERAL SHARE.—The Federal share of 
the cost of a project funded under the grant pro-
gram shall not exceed 75 percent of the total cost 
of the activity, as determined by the Secretary. 
(2) NON-FEDERAL
SHARE.—The non-Federal 
share of the cost of a project funded under the grant 
program may be provided in cash or in the form of 
an in-kind contribution of services or materials. 
(d) ADMINISTRATION.— 
(1) IN
GENERAL.—The Secretary may enter 
into an agreement to manage the grant program 
with the National Fish and Wildlife Foundation or 
a similar organization that offers grant management 
services. 
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(2) FUNDING.—If the Secretary enters into an 
agreement under paragraph (1), the organization se-
lected shall— 
(A) for each fiscal year, receive amounts 
made available to carry out this section in an 
advance payment of the entire amounts on Oc-
tober 1 of that fiscal year, or as soon as prac-
ticable thereafter; 
(B) invest and reinvest those amounts for 
the benefit of the grant program; and 
(C) otherwise administer the grant pro-
gram to support partnerships between the pub-
lic and private sectors in accordance with this 
Act. 
(3) REQUIREMENTS.—If the Secretary enters 
into an agreement with the Foundation under para-
graph (1), any amounts received by the Foundation 
under this section shall be subject to the National 
Fish and Wildlife Foundation Establishment Act (16 
U.S.C. 3701 et seq.), excluding section 10(a) of that 
Act (16 U.S.C. 3709(a)). 
SEC. 6. ANNUAL REPORTS. 
Not later than 180 days after the date of enactment 
of this Act and annually thereafter, the Secretary shall 
submit to the Congress a report on the implementation 
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of this Act, including a description of each project that 
has received funding under this Act in the preceding fiscal 
year. 
SEC. 7. AUTHORIZATION OF APPROPRIATIONS. 
(a) IN GENERAL.—There is authorized to be appro-
priated to the Secretary to carry out this Act $50,000,000 
for each of fiscal years 2022 through 2027. 
(b) USE FOR GRANT PROGRAM.—Of any amount 
made available under this section for each fiscal year, the 
Secretary shall use at least 75 percent to carry out the 
grant program under section 5 and to provide, or provide 
for, technical assistance under such program. 
Æ 
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