; (II) efficiency improvements; and (III) associated drainage; and (ii) increasing the capacity of the eligible pump station, subject to the condition that the increase shall— (I) significantly decrease the risk of loss of life and property damage; or (II) decrease total lifecycle rehabilitation costs for the eligible pump station. (b) Authorization The Secretary may carry out rehabilitation of an eligible pump station, if the Secretary determines that the rehabilitation is feasible. (c) Cost sharing (1) Federal projects The non-Federal share of the cost of rehabilitation carried out pursuant to this section at an eligible pump station constructed by the Corps of Engineers shall be the equal to the non-Federal share that was applicable to construction of the eligible pump station. (2) Non-Federal projects A non-Federal interest shall provide— (A) an amount equal to 35 percent of the cost of any rehabilitation carried out pursuant to this section for a locally constructed eligible pump station; and (B) all land, easements, rights-of-way, and necessary relocations associated with the rehabilitation described in subparagraph (A), at no cost to the Federal Government. (d) Agreement required The rehabilitation of an eligible pump station pursuant to this section shall be initiated only after a non-Federal interest has entered into a binding agreement with the Secretary— (1) to pay the non-Federal share of the costs of rehabilitation under subsection (c)