[Page S3271]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 842. Mr. GRAHAM (for himself and Mr. Scott) submitted an amendment 
intended to be proposed by him to the bill S. 601, to provide for the 
conservation and development of water and related resources, to 
authorize the Secretary of the Army to construct various projects for 
improvements to rivers and harbors of the United States, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the end of title I, add the following:

     SEC. 1004. NAVIGATION PROJECTS.

       During the period beginning on October 1, 2012, and ending 
     on September 30, 2017, the Secretary may carry out 
     construction of a navigation project if--
       (1) a Chief of Engineers report recommending implementation 
     of the applicable project--
       (A) is completed and submitted to Congress; and
       (B) reflects a benefit-to-cost ratio of not less than 2:1; 
     and
       (2) the local sponsor of the applicable project will--
       (A) advance an amount equal to the total Federal share of 
     the cost of construction of the project; and
       (B) seek reimbursement for the Federal share for future 
     fiscal years, as described in the Chief of Engineers report.
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