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MATCH Act of 2023

Source: Congress.gov  ·  542 words in original text
This bill modifies the Agricultural Credit Act of 1978 to allow sponsors to pay for emergency watershed protection measures (actions taken to protect water areas during emergencies) before signing an official agreement with the federal government. The bill requires the federal government to recognize these pre-agreement costs as part of a sponsor's financial contribution to the project.
State governments, local governments, and Indian Tribes working on emergency watershed protection projects.
• The Secretary must create a list of emergency watershed protection measures that sponsors can pay for before entering into an agreement (Sec. 2(c)(2)(A)) • The Secretary must develop a process allowing sponsors to request approval for additional emergency watershed protection measures for specific natural disasters, with appropriate deadlines set at the state level (Sec. 2(c)(2)(B)) • If the Secretary and sponsor reach an agreement, the Secretary must count any pre-agreement costs the sponsor already paid toward the sponsor's required financial share of the project (Sec. 2(c)(3)) • Sponsors who spend money on these measures before signing an agreement take on all financial risk if no agreement is reached later (Sec. 2(c)(4))
The law previously did not address whether costs sponsors paid before signing an agreement could count toward their required contribution. This bill allows those pre-agreement costs to count.
"Sponsor" means a state or local government, or an Indian Tribe as defined in the Indian Self-Determination and Education Assistance Act.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.