ILLINOIS AND MICHIGAN CANAL.

SEC. 314. ILLINOIS AND MICHIGAN CANAL. (a) In general.— The Secretary is authorized to make capital improvements to the Illinois and Michigan Canal. (b) Agreements.— The Secretary shall, with the consent of appropriate local and State entities, enter into such arrangements, contracts, and leases with public and private entities as may be necessary for the purposes of rehabilitation, renovation, preservation, and maintenance of the Illinois and Michigan Canal and its related facilities, including trailside facilities for recreational use connecting the waterways referred to in subsection (c). (c) Illinois and Michigan Canal Defined.— For the purpose of this section, the “Illinois and Michigan Canal” consists of the following existing waterways: the Chicago River from and including its mouth at Navy Pier through and including its south branch; the Chicago Sanitary and Ship Canal; and the entire length of those waterways designated as the Illinois and Michigan Heritage Canal between Chicago, Illinois, and LaSalle/Peru, Illinois. (d) Federal Share.— The Federal share of the cost of capital improvements under this section shall be 50 percent.