§618 — Title 43 Public Lands | U.S. Code

Summary

The Secretary of the Interior must set the rates or the way to calculate rates for power from Hoover Dam starting June 1, 1937. Those rates, plus other project income, must cover the cost to run and repair the project from that date; pay back Treasury advances with interest (advances made before June 1, 1937 must be repaid within fifty years from that date; later advances over fifty-year periods), excluding flood-control advances covered by section 617a(b) which are repaid under section 618f; provide $600,000 each year for the uses in section 618a(c); provide $500,000 each year for the uses in section 618a(d); and, from June 1, 1987 on, raise revenues by applying the rate increases in section 403(c)(2) of the Colorado River Basin Project Act of 1968 as amended. The rates may be changed or adjusted later as the Secretary decides.

Title 43, §618

Public Lands — Source: USLM XML via OLRC

The Secretary of the Interior is authorized and directed to, and he shall, promulgate charges, or the basis of computation thereof, for electrical energy generated at Hoover Dam beginning June 1, 1937, computed to be sufficient, together with other net revenues from the project, to accomplish the following purposes:

(a)To meet the cost of operation and maintenance, and to provide for replacements, of the project beginning June 1, 1937;

(b)To repay to the Treasury, with interest, the advances to the Colorado River Dam Fund for the project made prior to June 1, 1937, within fifty years from that date (excluding advances allocated to flood control by section 617a(b) of this title, which shall be repayable as provided in section 618f of this title), and such advances made on and after June 1, 1937, over fifty-year periods;

(c)To provide $600,000 for each of the years and for the purposes specified in section 618a(c) of this title;

(d)To provide $500,000 for each of the years and for the purposes specified in section 618a(d) of this title; and

(e)To provide, by application of the increments to rates specified in section 403(c)(2) of the Colorado River Basin Project Act of 1968, as amended and supplemented [43 U.S.C. 1543(c)(2)], revenues, from and after June 1, 1987, for application to the purposes there specified.Such charges may be made subject to revisions and adjustments at such times, to such extent, and in such manner, as by the terms of their promulgation the Secretary shall prescribe.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1984—Pub. L. 98–381, § 104(a)(1), substituted “beginning

June 1, 1937” for “during the period beginning

June 1, 1937, and ending

May 31, 1987” in provisions preceding subsec. (a). Subsec. (a). Pub. L. 98–381, § 104(a)(1), substituted “beginning

June 1, 1937” for “during the period beginning

June 1, 1937, and ending

May 31, 1987”. Subsec. (b). Pub. L. 98–381, § 104(a)(2), substituted “and such advances made on or after

June 1, 1937, over fifty-year periods” for “and such portion of such advances made on or after

June 1, 1937, as (on the basis of repayment thereof within such fifty-year period or periods as the Secretary may determine) will be repayable prior to

June 1, 1987”. Subsec. (e). Pub. L. 98–381, § 104(a)(3), added subsec. (e).

Statutory Notes and Related Subsidiaries

Change of Name

Act Apr. 30, 1947, changed name of Boulder Dam back to Hoover Dam.

Construction

With Other Laws Pub. L. 98–381, title I, § 104(b), Aug. 17, 1984, 98 Stat. 1335, provided that: “Except as amended by this Act [amending section 618, 618a, 618e, and 618k of this title], the Boulder Canyon Project Adjustment Act of 1940 (54 Stat. 774, as amended, 43 U.S.C. 618), as amended and supplemented [this subchapter], shall remain in full force and effect.”

§618 Promulgation of Charges for Electrical Energy