42 U.S.C. § 1962d–5c: Non-Federal public…

Summary

Non-Federal public bodies that are required to pay cash for Army Corps water projects not yet started as of March 7, 1974, may make their agreed payments in yearly installments during the construction period if no other law already lets them repay over a longer time. The Secretary of the Army can change existing cost-sharing agreements when those public bodies ask, so the yearly payment option can be used.

Title 42, §1962d–5c

The Public Health and Welfare, Source: USLM XML via OLRC

(a)Annual installments during period of construction in absence of other provision for extended repayment

In connection with any water resource development project, heretofore, herein, or hereafter authorized to be undertaken by the Secretary of the Army, the construction of which has not been initiated as of March 7, 1974, where authorization requires that non-Federal public bodies make an agreed-upon cash contribution as part of their reimbursement to the Federal Government for construction costs, or a specific portion of the construction costs, and where there exists no other provision of law which would permit extended repayment for the construction costs or such specific portion of the construction costs involved, such non-Federal public bodies may make such repayment in annual installments during the period of construction.

(b)Cost sharing; modification

Upon the request of affected non-Federal public bodies, the Secretary of the Army is authorized to modify existing cost sharing agreements in order to effectuate the provisions of subsection (a) of this section.

Editorial Notes

Codification Section was enacted as part of the Water Resources Development Act of 1974, and not as part of the Water Resources Planning Act which comprises this chapter.

§1962d–5c Non-federal Public Bodies, Installment Construction Payments

Summary

Title 42, §1962d–5c

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata