US HB726

Amends the Crow Tribe Water Rights Settlement Act of 2010 to repeal Section 406 (MR&I System) and replace "System" terminology with "Projects" throughout the Act

Establishes a new MR&I Projects Account within the Crow Settlement Fund for water infrastructure activities including planning, design, construction, and repair of water production, treatment, delivery, and wastewater infrastructure on the Reservation

Creates a new Crow CIP Implementation Account as a nontrust, interest-bearing account managed by the Secretary of the Interior to carry out Crow Irrigation Project activities

Extends the Yellowtail Dam hydropower allocation timeframe from 15 years to 20 years and provides for indexing adjustments to MR&I Projects Account deposits based on Bureau of Reclamation Construction Cost Index fluctuations since May 1, 2008

Transfers title, control, and operation of projects constructed using MR&I Projects Account funds to the Crow Tribe, with no federal obligation for ongoing operation, maintenance, or replacement costs