(2) OTHER FUNDS.—The Secretary is author-
ized to use monies from the Fund created under sec-
tion 3407 of the Reclamation Projects Authorization 
and Adjustment Act of 1992 (Public Law 102–575; 
106 Stat. 4727) for purposes of this Act. 
(c) FUND.—There is hereby established within the 
Treasury of the United States a fund, to be known as the 
‘‘San Joaquin River Restoration Fund’’, into which the 
following shall be deposited and used solely for the purpose 
of implementing the Settlement, to be available for ex-
penditure without further appropriation: 
(1) Subject to subsection (d), at the beginning 
of the fiscal year following enactment of this Act, all 
payments received pursuant to section 3406(c)(1) of 
the Reclamation Projects Authorization and Adjust-
ment Act of 1992 (Public Law 102–575; 106 Stat. 
4721). 
(2) Subject to subsection (d), the capital com-
ponent (not otherwise needed to cover operation and 
maintenance costs) of payments made by Friant Di-
vision long-term contractors pursuant to long-term 
water service contracts beginning the first fiscal year 
after the date of enactment of this Act. The capital 
repayment obligation of such contractors under such 
contracts shall be reduced by the amount paid pur-
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suant to this paragraph and the appropriate share 
of the existing Federal investment in the Central 
Valley Project to be recovered by the Secretary pur-
suant to Public Law 99–546 (100 Stat. 3050) shall 
be reduced by an equivalent sum. 
(3) Proceeds from a bond issue, federally-guar-
anteed loan, or other appropriate financing instru-
ment, to be issued or entered into by an appropriate 
public agency or subdivision of the State of Cali-
fornia pursuant to subsection (d)(2). 
(4) Proceeds from the sale of water pursuant to 
the Settlement, or from the sale of property or inter-
ests in property as provided in section 5. 
(5) Any non-Federal funds, including State 
cost-sharing funds, contributed to the United States 
for implementation of the Settlement, which the Sec-
retary may expend without further appropriation for 
the purposes for which contributed. 
(d) GUARANTEED LOANS AND OTHER FINANCING 
INSTRUMENTS.— 
(1) IN GENERAL.—The Secretary is authorized 
to enter into agreements with appropriate agencies 
or subdivisions of the State of California in order to 
facilitate a bond issue, federally-guaranteed loan, or 
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other appropriate financing instrument, for the pur-
pose of implementing this Settlement. 
(2) REQUIREMENTS.—If the Secretary and an 
appropriate agency or subdivision of the State of 
California enter into such an agreement, and if such 
agency or subdivision issues 1 or more revenue 
bonds, procures a federally secured loan, or other 
appropriate financing to fund implementation of the 
Settlement, and if such agency deposits the proceeds 
received from such bonds, loans, or financing into 
the Fund pursuant to subsection (c)(3), monies 
specified in paragraphs (1) and (2) of subsection (c) 
shall be provided by the Friant Division long-term 
contractors directly to such public agency or subdivi-
sion of the State of California to repay the bond, 
loan or financing rather than into the Fund. 
(3) DISPOSITION OF PAYMENTS.—After the sat-
isfaction of any such bond, loan, or financing, the 
payments specified in paragraphs (1) and (2) of sub-
section (c) shall be paid directly into the Fund au-
thorized by this section. 
(e) LIMITATION
ON
CONTRIBUTIONS.—Payments 
made by long-term contractors who receive water from the 
Friant Division and Hidden and Buchanan Units of the 
Central Valley Project pursuant to sections 3406(c)(1) 
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and 3407(d)(2) of the Reclamation Projects Authorization 
and Adjustment Act of 1992 (Public Law 102–575; 106 
Stat. 4721, 4727) and payments made pursuant to para-
graph 16(b)(3) of the Settlement and subsection (c)(2) 
shall be the limitation of such entities’ direct financial con-
tribution to the Settlement, subject to the terms and con-
ditions of paragraph 21 of the Settlement. 
(f) NO ADDITIONAL EXPENDITURES REQUIRED.— 
Nothing in this Act shall be construed to require a Federal 
official to expend Federal funds not appropriated by Con-
gress, or to seek the appropriation of additional funds by 
Congress, for the implementation of the Settlement. 
(g) REACH 4B.— 
(1) STUDY.— 
(A) IN GENERAL.—In accordance with the 
Settlement and the Memorandum of Under-
standing executed pursuant to paragraph 6 of 
the Settlement, the Secretary shall conduct a 
study that specifies— 
(i) the costs of undertaking any work 
required under paragraph 11(a)(3) of the 
Settlement to increase the capacity of 
Reach 4B prior to reinitiation of Restora-
tion Flows; 
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