PRESERVING THE INLAND WATERWAY TRUST FUND.

SEC. 2006. PRESERVING THE INLAND WATERWAY TRUST FUND. (a) Olmsted Project Reform.— (1) Definition of olmsted project.—In this subsection, the term “Olmsted Project” means the project for navigation, Lower Ohio River, Locks and Dams 52 and 53, Illinois and Kentucky, authorized by section 3(a)(6) of the Water Resources Development Act of 1988 (102 Stat. 4013). (2) Olmsted project reform.—Notwithstanding section 3(a)(6) of the Water Resources Development Act of 1988 (102 Stat. 4013), for each fiscal year beginning after September 30, 2014, 15 percent of the cost of construction for the Olmsted Project shall be paid from amounts appropriated from the Inland Waterways Trust Fund. (3) Sense of congress.—It is the sense of Congress that the appropriation for the Olmsted Project should be not less than $150,000,000 for each fiscal year until construction of the project is completed. (4) Rehabilitation of projects.—Section 205(1)(E)(ii) of the Water Resources Development Act of 1992 (33 U.S.C. 2327(1)(E)(ii)) is amended by striking “$8,000,000” and inserting “$20,000,000”.