ASSISTANCE FOR MARINE SAFETY STATION ON CHICAGO LAKE FRONT.

SEC. 432. ASSISTANCE FOR MARINE SAFETY STATION ON CHICAGO LAKE FRONT. (a) Assistance Authorized.—The Coast Guard may transfer funds, appropriated by Public Law 107-87 for the construction of a Coast Guard Marine Safety and Rescue Station in Chicago, Illinois, to the City of Chicago to pay the Federal share of the cost of a project to demolish the Ola Coast Guard Station, located at the north end of the inner Chicago Harbor breakwater at the foot of Randolph Street, and to plan, engineer, design, and construct a new facility at that site for use as a marine safety station on the Chicago lakefront. (b) Cost Sharing.— (1) Federal share.—The Federal share of the cost of a project carried out with assistance under this section may not exceed one-third of the total cost of the project or $2,000,000, whichever is less. (2) Non-federal share.—There shall not be applied to the non-Federal share of a project carried out with assistance under this section— 116 STAT. 2129 (A) the value of land and existing facilities used for the project; and (B) any costs incurred for site work performed before the date of the enactment of this Act, including costs for reconstruction of the east breakwater wall and associated utilities.