1. Short title This Act may be cited as the Securing Access for the central Valley and Enhancing (SAVE) Water Resources Act . 2. Water Infrastructure Fund (a) Establishment There is established in the Treasury of the United States a fund, to be known as the Water Infrastructure and Drought Solutions Fund (referred to in this section as the Fund ), consisting of— (1) such amounts as are deposited in the Fund under subsection (b); and (2) any interest earned on investment of amounts in the Fund under subsection (c)(1)(B). (b) Deposits to fund (1) In general For each of fiscal years 2032 through 2062, the Secretary of the Treasury shall deposit in the Fund $750,000,000 of the revenues that would otherwise be deposited for the fiscal year in the reclamation fund established by the first section of the Act of June 17, 1902 (32 Stat. 388, chapter 1093), of which— (A) $250,000,000 shall be expended by the Secretary of the Interior for new surface or ground water storage projects provided that— (i) expenditures are made for nonreimbursable public benefits under Federal reclamation law (the Act of June 17, 1902 (32 Stat. 388, chapter 1093), and Acts supplemental to and amendatory of that Act); and (ii) Federal expenditures account for no more than 50 percent of total costs for any project; (B) $250,000,000 shall be expended by the Secretary of the Interior for water reclamation and reuse projects authorized under title XVI of Public Law 102–575 and section 4009 of Public Law 114–322 ; and (C) $250,000,000 shall be expended by the Secretary of the Interior for WaterSMART grants authorized under the Omnibus Public Lands Management Act of 2009 ( 42 U.S.C. 10364 ). (2) Availability of amounts Amounts deposited in the Fund under this section shall— (A) be made available in accordance with this section, without further appropriation