§475 Annual Installments on Entries and Contracts Prior to August 13, 1914

Summary

People who had land or an entry put under the reclamation law before August 13, 1914 must pay the construction charge (or whatever part is left) in twenty yearly payments. The first payment is due December 1 of the year the public notice about the land is issued. Each later payment is due on December 1 each year. The first four payments are 2% each, the next two are 4% each, and the last fourteen are 6% each of the total charge (or the unpaid part at the start of those payments). To use the extended payment rules in sections 373, 414, 418, 435–437, 440, 443, 464, 465, 469, 471, 472, 475, 477–481, 492, 493, 494–497, and 499, a person must tell the Secretary of the Interior they accept those terms within six months after the first public notice, in the way the Secretary requires. The Secretary can allow a late acceptance for good reason. If someone is behind on payments when they accept late, they must pay the installments and penalties they would have owed if they had accepted on time, and then their land follows the same rules as if they had accepted earlier.