Congressional declaration of policy; authority of Secretary.

Conservation agreements to effectuate water bank program; duration and renewal; adjustment of payment rate for renewal period; "wetlands" defined; duration of ownership or control of land as determining eligibility for agreements; protection of and compensation for tenants and sharecroppers; participation by owner or operator in other Federal or State programs.

Terms of agreement; required provisions.

Annual payment; adjustment.

Renewal or extension of agreement; participation of subsequent owner or operator in program.

Termination or modification of agreements.

Utilization of services and facilities.

Advisory Board; appointment; functions; membership; reimbursement for expenses.

Consultation with Secretary of the Interior; conformity of program with wetlands programs administered by Secretary of the Interior; consultation with and utilization of technical services of appropriate local, State, Federal, and private conservation agencies; coordination of programs.

Authorization of appropriations; maximum amount of payments pursuant to agreements.

Rules and regulations.