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Waterfront community revitalization and resiliency bill scored below $1 million per year

from NSPS

A recent Congressional Budget Office (CBO) cost estimate found that S. 1935, the Waterfront Community Revitalization and Resiliency Act, would require the Department of Commerce (DOC) to develop criteria to designate, as a resilient waterfront community, any community that voluntarily develops plans to revitalize and strengthen their unique water-related economic and ecological resources. The Economic Development Administration (EDA) and National Oceanic and Atmospheric Administration (NOAA) are agencies within the DOC that work directly with local communities to foster economic development and provide accurate and timely data about the environmental risks facing local waterfront communities. Under the bill, NOAA in coordination with EDA, would develop guidance for local waterfront communities that choose to develop a revitalization plan. The agencies also would evaluate plans submitted by communities and classify them as resilient waterfront communities, develop and maintain a network to facilitate the sharing of best practices among those communities, identify public and private investments that would further the goals of the resilient waterfront plans, and upon request, assist local communities with implementing the goals. Section 6 of the bill would allow grant funding in preparing plan materials, including text, maps, design, and preliminary engineering. CBO estimated that implementing S. 1935 would cost nearly $600,000 per year. more

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