CLARIFICATION OF IN-KIND CREDIT AUTHORITY.

SEC. 1019. CLARIFICATION OF IN-KIND CREDIT AUTHORITY. (a) Non-Federal Cost Share.—Section 7007 of the Water Resources Development Act of 2007 (121 Stat. 1277) is amended— (1) in subsection (a), by inserting “, on, or after” after “before”; (2) by striking subsection (d) and inserting the following: “(d) Treatment of Credit Between Projects. The value of any land, easements, rights-of-way, relocations, and dredged material disposal areas and the costs of planning, design, and construction work provided by the non-Federal interest that exceed the non-Federal cost share for a study or project under this title may be applied toward the non-Federal cost share for any other study or project carried out under this title.” ; and (3) by adding at the end the following: “(g) Definition of Study or Project. In this section, the term ‘study or project’ includes any eligible activity that is— “(1) carried out pursuant to the coastal Louisiana ecosystem science and technology program authorized under section 7006(a); and “(2) in accordance with the restoration plan.” . (b) Implementation.—Not later than 90 days after the date of enactment of this Act, the Secretary, in coordination with any relevant agencies of the State of Louisiana, shall establish a process by which to carry out the amendment made by subsection (a)(2). (c) Effective Date.—The amendments made by subsection (a) take effect on November 8, 2007.