TRANSFER OF EXCESS CREDIT.

SEC. 1166. TRANSFER OF EXCESS CREDIT. Section 1020(a) of the Water Resources Reform and Development Act of 2014 (33 U.S.C. 2223(a)) is amended—(1) by striking the subsection designation and heading and all that follows through “Subject to subsection (b)” and inserting the following:“(a) Application of Credit.—“(1) In general.—Subject to subsection (b)”; and(2) by adding at the end the following:“(2) Application prior to completion of project.—On request of a non-Federal interest, the credit described in paragraph (1) may be applied prior to completion of a study or project, if the credit amount is verified by the Secretary.”.