San Francisco Bay restoration funding would be capped at 75% of project costs, with matching requirements and restrictions on recipients’ ties to certain foreign countries.
Program money would be capped at 75% of restoration costs. Recipients outside the federal government would need at least 25% from sources outside the federal government.
Recipients outside the federal government could not get program money if based in or formed under the laws of certain foreign countries, or holding agreements or partnerships with those countries.
The program would cap its share of restoration costs at 75% and could use agreements between agencies, contracts, or other funding tools. Funding could support projects, related work, and studies by government agencies and other public or private recipients. Recipients outside the federal government would have to provide at least 25% of costs from sources outside the federal government. Those recipients would also face restrictions on ties to certain foreign countries.
The program would bar funding for recipients with specified ties to certain foreign countries. The ban would cover recipients outside the federal government and countries defined in another federal law as foreign countries of concern. The ban would cover a recipient’s legal home, headquarters, main business location, or formation under a covered country’s laws. Any agreement or partnership with a covered country would also trigger the ban.
No hearings or votes scheduled.