Urban Canal Modernization Act

The Urban Canal Modernization Act establishes a new category called "urban canal of concern" for canals that, if failed, could endanger more than 100 people in populated areas. It requires the Secretary of the Interior to fund necessary emergency repairs and maintenance on these canals, with 35% of costs covered as a non-repayable grant and the remaining 65% provided as a repayable advance to the canal's operating entity. The bill modifies existing federal law to clarify funding mechanisms and ensures these advances count as non-Federal funds for cost-sharing requirements. This policy directly affects federal agencies and the entities operating urban canals, prioritizing infrastructure safety in densely populated areas.