A bill to amend section 123 of the River and Harbor Act of 1970.

Directs the Secretary of the Army, under the River and Harbor Act of 1970, to waive the required local contribution of 25 percent of the construction costs of contained spoil facilities in the event specified findings occur after non-Federal interests have entered into the cooperative agreement for the construction of such facilities. (Adds 33 U.S.C. 1165(e))