1. Short title This Act may be cited as the Watershed Results Act . 2. Definitions In this Act: (1) Advance watershed analytics The term advance watershed analytics means the technical analysis that is— (A) conducted before making funding available for a watershed pilot; and (B) necessary— (i) to identify specific high-impact outcome projects across an entire watershed; (ii) to identify project costs and implementation feasibility constraints; (iii) to identify how different groups of projects impact overall watershed targets; and (iv) to develop scenarios that— (I) maximize outcomes; and (II) are feasible to quickly implement at scale. (2) Federal financial source The term Federal financial source means an award, grant, loan, guarantee, incentive, or credit enhancement funding available to Federal agencies participating in watershed pilots. (3) Fund The term Fund means the Environmental Outcomes Fund established by the Secretary under section 4(c)(1). (4) Management team The term management team means the management team for a watershed pilot designated under section 3(b)(2). (5) Outcome The term outcome means— (A) a quantifiable increase in surface water or groundwater; (B) a measurable increase in aquatic habitat quality or quantity in a watershed affected by the operation of a Bureau of Reclamation project