A bill to provide for a study by the Secretary of the Army, acting through the Chief of Engineers, of criteria to be used in determining the Federal and non-Federal interests in flood control protection, and for other purposes.

Directs the Chief of Engineers to study and recommend to Congress, no later than three years after the date of the first appropriation of funds under this Act, those criteria to be used in determining the Federal and non-Federal interests in providing protection against, or reducing damage from, flooding.

Authorizes appropriations for fiscal years beginning after September 30, 1981, to carry out the provisions of this Act.