§620d–1 — Title 43 Public Lands | U.S. Code

Summary

The Colorado River Development Fund must repay the Upper Colorado River Basin Fund for money used to make up for lost power at Hoover Dam while storage units were being filled under the Glen Canyon Reservoir filling rules (27 Fed. Reg. 6851, July 19, 1962). Each year Hoover Dam and its powerplant operate, starting with fiscal year 1970, $500,000 must be transferred from the Colorado River Development Fund into the Upper Colorado River Basin Fund instead of being used for the other purposes listed in section 618a(d). Those yearly transfers continue until the repayment is complete. If any balance remains on June 1, 1987, the leftover amount must be transferred from the Lower Colorado River Basin Development Fund as provided in section 1543(g).

Title 43, §620d–1

Public Lands — Source: USLM XML via OLRC

The Upper Colorado River Basin Fund established under section 620d of this title shall be reimbursed from the Colorado River Development Fund established by section 618a of this title for the money expended heretofore or hereafter from the Upper Colorado River Basin Fund to meet deficiencies in generation at Hoover Dam during the filling period of storage units of the Colorado River storage project pursuant to the criteria for the filling of Glen Canyon Reservoir (27 Fed. Reg. 6851, July 19, 1962). For this purpose, $500,000 for each year of operation of Hoover Dam and powerplant, commencing with fiscal year 1970, shall be transferred from the Colorado River Development Fund to the Upper Colorado River Basin Fund, in lieu of application of said amounts to the purposes stated in section 618a(d) of this title, until such reimbursement is accomplished. To the extent that any deficiency in such reimbursement remains as of June 1, 1987, the amount of the remaining deficiency shall then be transferred to the Upper Colorado River Basin Fund from the Lower Colorado River Basin Development Fund, as provided in section 1543(g) of this title.

Editorial Notes

Codification Section was enacted as part of the Colorado River Basin Project Act, and not as part of act Apr. 11, 1956, popularly known as the Colorado River Storage Project Act, which comprises this chapter.

§620d–1 Reimbursement of Fund from Colorado River Development Fund; operation of Hoover Dam

Summary

Title 43, §620d–1

Notes & Related Subsidiaries

Editorial Notes

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