Funding

(a) Mandatory appropriations Out of any money in the Treasury not otherwise appropriated, the Secretary of the Treasury shall transfer to the Secretary the following amounts for deposit in the following accounts: (1) Pueblo of Acoma Settlement Trust Fund (A) The Water Rights Settlement Account For deposit in the Water Rights Settlement Account established under section 105(b)(1)(A), $296,000,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (B) The Water Infrastructure Operations and Maintenance Account For deposit in the Water Infrastructure Operations and Maintenance Account established under section 105(b)(1)(B), $14,000,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (C) The Feasibility Studies Settlement Account For deposit in the Feasibility Studies Settlement Account established under section 105(b)(1)(C), $1,750,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (2) Pueblo of Laguna Settlement Trust Fund (A) The Water Rights Settlement Account For deposit in the Water Rights Settlement Account established under section 105(b)(2)(A), $464,000,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (B) The Water Infrastructure Operations and Maintenance Account For deposit in the Water Infrastructure Operations and Maintenance Account established under section 105(b)(2)(B), $26,000,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (C) The Feasibility Studies Settlement Account For deposit in the Feasibility Studies Settlement Account established under section 105(b)(2)(C), $3,250,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (3) Acomita Reservoir Works Trust Fund For deposit in the Acomita Reservoir Works Trust Fund, $45,000,000, to remain available until expended, withdrawn, or reverted to the general fund of the Treasury. (b) Fluctuation in costs (1) In general The amounts appropriated under subsection (a) shall be increased or decreased, as appropriate, by such amounts as may be justified by reason of ordinary fluctuations in costs, as indicated by the Bureau of Reclamation Construction Cost Index–Composite Trend. (2) Construction costs adjustment The amounts appropriated under subsection (a) shall be adjusted to address construction cost changes necessary to account for unforeseen market volatility that may not otherwise be captured by engineering cost indices, as determined by the Secretary, including repricing applicable to the types of construction and current industry standards involved. (3) Repetition The adjustment process under this subsection shall be repeated for each subsequent amount appropriated until the applicable amount, as adjusted, has been appropriated. (4) Period of indexing The period of indexing and adjustment under this subsection for any increment of funding shall start on October 1, 2021, and end on the date on which funds are deposited in the applicable Pueblo Trust Fund. (c) State cost-Share Pursuant to the Agreement, the State shall contribute— (1) $23,500,000, as adjusted for inflation pursuant to the Agreement, for the Joint Grants-Milan Project for Water Re-Use, Water Conservation and Augmentation of the Rio San José, the Village of Milan Projects Fund, and the City of Grants Projects Fund; (2) $12,000,000, as adjusted for the inflation pursuant to the Agreement, for Signatory Acequias Projects and Offset Projects Fund for the Association of Community Ditches of the Rio San José; and (3) $500,000, as adjusted for inflation pursuant to the Agreement, to mitigate impairment to non-Pueblo domestic and livestock groundwater rights as a result of new Pueblo water use.