43 U.S.C. § 391a–1: Increase in reclamation…

Summary

The Secretary of the Treasury must put into the reclamation fund an amount equal to the difference between (1) 52.5% of the money the Treasury finds came from lands in the naval petroleum reserves, except Alaska, from February 25, 1920, through June 30, 1938, and (2) all amounts advanced to the reclamation fund under sections 397, 398–400, 391a, and 391b that were not repaid by transfers back to the Treasury’s general funds. That transfer will be treated as fully repaying the Treasury for all those earlier advances under the listed sections.

Title 43, §391a–1

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The Secretary of the Treasury is authorized and directed to transfer to the credit of the reclamation fund, created by section 391 of this title, a sum equal to the difference between (1) 52½ per centum of the moneys which the Secretary of the Treasury shall determine to have accrued to the United States from lands within the naval petroleum reserves, except those in Alaska, from February 25, 1920, to June 30, 1938, inclusive, and (2) the total of all sums advanced to the reclamation fund under the provisions of section 397 and 398 to 400 of this title, and under the provisions of section 391a and 391b of this title, and not reimbursed by transfer from the reclamation fund to the general funds in the Treasury. The transaction provided for in this section shall be deemed to have effected a complete reimbursement to the general funds in the Treasury of all sums advanced to the reclamation fund under the provisions of such section 391a, 391b, 397, and 398 to 400 of this title.

Editorial Notes

References in Text

section 391b and 399 of this title, referred to in text, contained provisions similar to those comprising this section, and were omitted from the Code.

§391a–1 Increase in Reclamation Fund; Reimbursement of Advances From Treasury

Summary

Title 43, §391a–1

Notes & Related Subsidiaries

Editorial Notes

References in Text

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