Laserfiche WebLink
In order to maintain the established cost share equality between Federal and State contributions, <br />an index adjustment will also need to be applied to the cash equivalent water and land <br />contributions provided by the States. Section 515(b)(3)(B)(ii) of the Consolidated Natural <br />Resources Act of 2008 (Public Law 110 -229) (Attachment 4) establishes credits for contributions <br />of land or water (credits established in the Program Finance Document - Attachment 5) for the <br />purposes of implementing the Program, as determined to be appropriate by the Secretary of the <br />Interior. Attachment 3 illustrates how the State cash equivalents can be indexed at the same rate <br />as the cash contributions in order to maintain the cost share equality. <br />Please review the attached documents and the above process regarding indexing; if you concur <br />with this proposal, I will provide the documents to the Finance Committee for discussion on <br />March 9, 2009, at 10:00 a.m. in Kearney, Nebraska. I will also provide the documents to the <br />Executive Director for inclusion in the agenda for the Governance Committee meeting on the <br />afternoon of March 9, 2010, in Kearney, Nebraska. <br />If you have any questions regarding this matter, please contact me. <br />Attachments - 5 <br />cc: WY -1000 (John H. Lawson) <br />• <br />• <br />