balance sheet
Defined in 1 place of the United States Code.
In this section, the term “balance sheet” means a document that describes—
(1) the funds provided by each Federal and non-Federal interest for a water resources development project; and
(2) the status of those funds.
Source
- 2026–present33 U.S.C. § 2315bNavigation and Navigable Waters · Transparency and accountability in cost sharing for water resources development projects · in this section
In this section, the term "balance sheet" means a document that describes—
(1) the funds provided by each Federal and non-Federal interest for a water resources development project; and
(2) the status of those funds.
Each district of the Corps of Engineers shall, using the authority of the Secretary under section 2315 of this title—
(1) maintain a balance sheet for each water resources development project carried out by the Secretary for which a non-Federal cost share is required; and
(2) on request of a non-Federal interest that provided funds for the project, provide to the non-Federal interest a copy of the balance sheet.
In the case of a water resources development project carried out by the Secretary that is completed at a cost less than the estimated cost, the Secretary shall transfer any excess non-Federal funds to the non-Federal interest in accordance with the cost-share requirement applicable to the project.
Source
- 2018–202633 U.S.C. § 2315bNavigation and Navigable Waters · Transparency and accountability in cost sharing for water resources development projects · in this section