; (B) that the Secretary has identified as having a major deficiency; and (C) the failure of which the Secretary has determined would impair the function of a flood risk management project constructed by the Corps of Engineers. (2) Rehabilitation (A) In general The term rehabilitation , with respect to an eligible pump station, means to address a major deficiency of the eligible pump station caused by long-term degradation of the foundation, construction materials, or engineering systems or components of the eligible pump station. (B) Inclusions The term rehabilitation , with respect to an eligible pump station, includes— (i) the incorporation into the eligible pump station of— (I) current design standards; (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 The non-Federal interest for the eligible pump station shall— (1) provide 35 percent of the cost of rehabilitation of an eligible pump station carried out under this section; and (2) provide 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)