§590z–6 Disposition of Receipts From Repayment Contracts and Project Operations

Summary

All payments to the United States under repayment contracts for reimbursable construction costs, including penalties for late payments, and all other money from project operations under sections 590z–2 and 590z–7 must be turned into the U.S. Treasury as miscellaneous receipts. Money collected during a project's development under section 590z–2(c)(1), except the parts put toward reimbursable construction costs, and money collected for a project's operation and maintenance under section 590z–2(c)(2) can be spent to operate and maintain that project. Those funds may be used in the same way as if they had been specifically provided for those purposes.