1. Short title This Act may be cited as the Canal Conveyance Capacity Restoration Act . 2. Purposes The purposes of this Act are— (1) to address severe subsidence impacts that have substantially reduced the carrying capacity of the water delivery system of the State; and (2) to provide additional water supply in the State at a relatively low cost per acre-foot to increase— (A) resiliency to increasingly severe droughts in the State; (B) groundwater recharge needed to assist in meeting groundwater sustainability goals established under State law; and (C) the reliability of surface or groundwater supplies, portions of which serve disadvantaged communities. 3. Definitions In this Act: (1) Federal pool The term Federal pool means each of pools 13 through 21 of the San Luis Canal/California Aqueduct, which are owned by the United States and operated by the California Department of Water Resources under the agreement entitled Agreement Between the United States of America and the Department of Water Resources of the State of California for the Construction and Operation of the Joint-Use Facilities of the San Luis Unit and dated December 30, 1961. (2) Net present value of the local contribution to reimbursable Federal funding The term net present value of the local contribution to reimbursable Federal funding means, with respect to a project, the amount equal to the difference between— (A) the total amount of reimbursable Federal funds made available for a project