Washington : Government Printing Office
|Chap. 578||Pine River Irrigation District, Colo. Repayment contract.|
|Chap. 578||43 U. S. C. 485f.|
Be it enacted by the Senate and House of Representatives of the United States of America in Congress asembled, That the reimbursable construction cost of the Pine River reclamation project, Colorado, is hereby fixed at $1,500,000, and the Secretary of the Interior is authorized to execute, on behalf of the United States, the amendatory repayment contract negotiated pursuant to section 7 of the Reclamation Project Act of 1939 (53 Stat. 1187, 1192) and approved at an election of the district held November 30, 1953, under which contract the unpaid balance of five-sixths of the reimbursable construction cost of the River project (the remaining one-sixth being properly chargeable to the lands of the Pine River Indian (Southern Ute) project as set out in a memorandum of understanding between the Bureau of Reclamation and the Bureau of Indian Affairs dated January 3, 1940) is repayable by the district in thirty fixed annual installments or, if the district elects to use a variable payment formula as set forth in said contract, in as many installments as may be required to return the portion of the aforesaid balance then remaining unpaid.
Approved, July 27, 1954.