OCR Text |
Show APPENDIX I 1-21 July 19, 1940 [H. R. 9877] [Public, No. 756] [CHAPTER 643] 1C.6 AN ACT Authorizing the Secretary of the Interior to promulgate and to put into effect charges for electrical energy generated at Boulder Dam, providing for the application of revenues from said project, authorizing the operation of the Boulder Power Plant by the United States directly or through agents, and for other purposes. Boulder Canyon Project Adjustment Act. Promulgation of charges for electrical energy. Purposes. 45 Stat. 1057. 43 U.S.C. §617a (b). Revisions, etc., of charges. Disposition of receipts; availability. Annual appropriation. Repayment of advances, etc. 45 Stat. 1057. 43 U.S.C. §617a(b). Payments to Arizona and Nevada. 45 Stat. 1059. 43 U.S.C. §617c(b). Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Interior is hereby authorized and directed to, and he shall, promulgate charges, or the basis of computation thereof, for electrical energy generated at Boulder Dam during the period beginning June 1, 1937, and ending May 31, 1987, computed to be sufficient, together with other net revenues from the project, to accomplish the following purposes: (a) To meet the cost of operation and maintenance, and to provide for replacements, of the project during the period beginning June 1, 1937, and ending May 31, 1987; (b) To repay to the Treasury, with interest, the advances to the Colorado River Dam Fund for the project made prior to June 1, 1937, within fifty years from that date (excluding advances allocated to flood control by section 2 (b) of the Project Act, which shall be repayable as provided in section 7 hereof), and such portion of such advances made on and after June 1, 1937, as (on the basis of repayment thereof within such fifty-year period or periods as the Secretary may determine) will be repayable prior to June 1, 1987; (c) To provide $600,000 for each of the years and for the purposes specified in section 2 (c) hereof; and (d) To provide $500,000 for each of the years and for the purposes specified in section 2 (d) hereof. Such charges may be made subject to revisions and adjustments at such times, to such extent, and in such manner as by the terms of their promulgation the Secretary shall prescribe. SEC. 2. All receipts from the project shall be paid into the Colorado River Dam Fund and shall be available for: (a) Annual appropriation for the operation, maintenance, and replacements of the project, including emergency replacements necessary to insure continuous operations; (b) Repayment to the Treasury, with interest (after making provision for the payments and transfers provided in subdivisions (c) and (d) hereof), of advances to the Colorado River Dam Fund for the construction of the project (excluding the amount allocated to flood control by section 2 (b) of the Project Act), and any readvances made to said fund under section 5 hereof; and (c) Payment subject to the provisions of section 3 hereof, in commutation of the payments now provided for the States of Arizona and Nevada in section 4 (b) of the Project Act, to each of said States of the sum of $300,000 for each year of operation, beginning with the year of operation ending May 31, 1938, and continuing annually thereafter until and including the year of operation ending May 31, 1987, and such payments for any year of operation which shall have expired at the time when this subdivision (c) shall become effective shall be due immediately, and be paid, without interest, as expeditiously as administration of this Act will permit, and each such payment |