[Code of Federal Regulations]
[Title 33, Volume 3]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 33CFR240.5]

[Page 322-323]
 
                TITLE 33--NAVIGATION AND NAVIGABLE WATERS
 
         CHAPTER II--CORPS OF ENGINEERS, DEPARTMENT OF THE ARMY
 
PART 240--GENERAL CREDIT FOR FLOOD CONTROL--Table of Contents
 
Sec. 240.5  Discussion.

    Discussion of this legislation is contained in the Conference 
Report, H.R. Rpt. No. 99-1013, which accompanies H.R. 6. The House 
passed version of the bill contained a number of project-specific 
provisions that authorized credit against the non-Federal share for 
compatible work completed by local interests. The Senate passed version 
authorized crediting of compatible flood control works for projects 
under study. Both general provisions would enable local interests to 
proceed with compatible work on the understanding that the local 
improvements would be considered a part of the Federal project for the 
purpose of benefit-to-cost analysis, as well as subsequent cost sharing. 
The Conference Committee deleted virtually all of the crediting 
provisions applicable to individual projects and expanded the general 
provision allowing the Secretary to credit the cost of certain work 
undertaken by local interests prior to project authorization against the 
non-Federal share of project costs and to consider the benefits and 
costs in the economic evaluation of a more comprehensive project.

[[Page 323]]

This authority provides a basis for non-Federal interests to undertake 
local work to alleviate flood damages in the period preceding 
authorization of a Federal project with assurance that they will not 
adversely affect the project's economic feasibility. It provides local 
sponsors more flexibility in meeting their flood problems.