An Act authorizing the incurring of indebtedness of $50,000,000 for the clearance of streams, improvement of watercourse flow patterns, and abatement of flooding potential in this Commonwealth; defining the powers and duties of certain offices, agencies and political subdivisions; providing for the allotment of proceeds under this act, including Commonwealth grants; prescribing standards; establishing the Watercourse Flow Improvement Fund; creating the Watercourse Flow Improvement Sinking Fund; providing for use of certain proceeds of the State Realty Transfer Tax; and making an appropriation.