; (B) in paragraph (2)(A), by inserting , except as provided in paragraph (3) before the semicolon; and (C) by adding at the end the following: (3) Permit exception (A) In general With respect to a project described in subsection (a)(1) or subsection (a)(3), or a separable element thereof, and subject to the execution of a written agreement described in subparagraph (B), a non-Federal interest that carries out a project under this section shall not be required to obtain any Federal permits or approvals that would not be required if the Secretary carried out the project or separable element unless there are significant new circumstances or information relevant to environmental concerns or compliance since development of the project recommendation (B) Written agreement For purposes of this paragraph, a written agreement shall provide that the non-Federal interest shall comply with the same legal and technical requirements that would apply if the project or separable element were carried out by the Secretary, including all mitigation required to offset environmental impacts of the project or separable element as determined by the Secretary ; and (2) in subsection (d)(5)— (A) by striking flood damage reduction each place it appears and inserting water resources development ; (B) in subparagraph (A), by striking for a discrete segment of a and inserting for carrying out a discrete segment of a federally authorized ; and (C) in subparagraph (D), in the matter preceding clause (i), by inserting to be carried out after project . 123. Advanced funds for water resources development studies and projects (a) Contributions by States and political subdivisions for immediate use on authorized flood-Control work; repayment The Act of October 14, 1940 (54 Stat. 1176; 33 U.S.C. 701h–1 ) is amended— (1) by striking a flood-control project duly adopted and authorized by law and inserting a federally authorized water resources development project, ; (2) by striking such work and inserting such project