; (E) compensate the transferor for any reasonable incremental costs associated with managing the water acquired to create temporary wildlife habitat; and (F) apply the acquired water to idled crop land to create temporary wildlife habitat. (4) Prioritization The Secretary shall give priority to approving and facilitating transfers under this subsection that incorporate voluntary habitat and other public benefits that exceed the benefits provided under regulatory requirements. (5) Treatment Water acquired by the Secretary under paragraph (2) shall be in addition to, and not a substitute for, actions required to meet obligations under existing law, including— (A) the Central Valley Project Improvement Act (title XXXIV of Public Law 102–575 ; 106 Stat. 4706); and (B) the Endangered Species Act of 1973 ( 16 U.S.C. 1531 et seq. ). (6) Reporting The Secretary shall annually submit to the authorizing committees of Congress (as defined in section 2 of the Support To Rehydrate the Environment, Agriculture, and Municipalities Act ) a report that describes, for the period covered by the report— (A) the volume of water acquired under paragraph (2); and (B) the extent and duration of temporary wildlife habitat created under that paragraph. (g) Integrated water management Federal leadership committee for assisting projects at the request of a sponsor (1) Establishment Not later than 180 days after the date on which an eligible entity or qualified partner sponsoring a habitat restoration project that receives a grant under this section submits to the Secretary a request for the establishment of the Integrated Water Management Federal Leadership Committee, the Secretary shall establish the Integrated Water Management Federal Leadership Committee. (2) Chairperson The Assistant Secretary for Water and Science of the Department of the Interior shall— (A) serve as the chairperson of the Committee