Washington : Government Printing Office
|Chap. 802||Indian irrigation projects. Collections from water users.|
|Chap. 802||31 U.S.C. § 725s; Supp. V, § 725s.|
|Sec. 2||Credits to trust-fund accounts.|
|Sec. 2||31 U.S.C. § 725c.|
|Sec. 3||Collections from power operations. Appropriations authorized.|
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That on approval of this Act, collections made from water users on each Indian irrigation project on account of assessments levied to meet the cost of operating and maintaining such project shall be deposited into the Treasury for credit to a trust-fund account pursuant to section 20 of the Permanent Appropriation Repeal Act, 1934 (48 Stat. 1233), and shall be available for expenditure in carrying out the purposes for which collected.
There shall be credited to each trust-fund account so established the excess, if any, of (1) the unexpended balance of any repealed special fund appropriation to which operation and maintenance collections were credited prior to July 1, 1935, and (2) the amount of receipts covered into the Treasury pursuant to section 4 of the Permanent Appropriation Repeal Act, 1934 (48 Stat. 1227), over expenditures from appropriations provided for the operation and maintenance of the irrigation project from which such unexpended balance or receipts were derived, and the amount so credited shall be subject to expenditure as prescribed in section 1 hereof.
Revenues hereafter collected from power operations on each Indian irrigation project and deposited into the Treasury for credit to miscellaneous receipts pursuant to section 4 of the Permanent Appropriation Repeal Act, 1934 (48 Stat. 1227), or pursuant to other provisions of law, are hereby authorized to be appropriated annually, in specific or in indefinite amounts, equal to the collections so credited, for the following purposes in connection with the respective projects from which such revenues are derived: (1) Payment of the expenses
of operating and maintaining the power system; (2) creation and maintenance of reserve funds to be available for making repairs and replacements to, defraying emergency expenses for, and insuring continuous operation of the power system, the fund for each project to be maintained at such level, within limits set by the Director of the Bureau of the Budget, as may from time to time be prescribed by the Secretary of the Interior; (3) amortization, in accordance with the repayment provisions of the applicable statutes or contracts, of construction costs allocated to be returned from power revenues; and (4) payment of other expenses and obligations chargeable to power revenues to the extent required or permitted by law.
Approved, August 7, 1946.