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

Summary

If the Colorado River Dam Fund does not have enough money to pay for required replacements, the Secretary of the Treasury must advance money back to the fund when the Secretary of the Interior asks. The total advanced cannot be more than the amounts repaid to the Treasury under section 618a(b). Congress may appropriate those amounts from the Treasury to allow the advances. All such advances must carry interest.

Title 43, §618d

Public Lands — Source: USLM XML via OLRC

If at any time there shall be insufficient sums in the Colorado River Dam Fund to meet the cost of replacements, however necessitated, in addition to meeting the other requirements of this subchapter, or of regulations authorized hereby and promulgated by the Secretary, the Secretary of the Treasury, upon request of the Secretary of the Interior, shall readvance to the said fund, in amounts not exceeding, in the aggregate, moneys repaid to the Treasury pursuant to section 618a(b) of this title, the amount required for replacements, however necessitated, in excess of the amount currently available therefor in said Colorado River Dam Fund. There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such sums, not exceeding said aggregate amount, as may be necessary to permit the Secretary of the Treasury to make such readvances. All such readvances shall bear interest.

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Readvances to Colorado River Dam Fund; Interest Rate on Readvances Pub. L. 103–316, title II, Aug. 26, 1994, 108 Stat. 1713, which provided in part that amounts required for replacement work on the Boulder Canyon Project that would require readvances to the Colorado River Dam Fund from the total appropriated for operation and maintenance of reclamation projects were to be so readvanced pursuant to this section, and that readvances after Oct. 1, 1984, were to bear a prescribed interest rate, was from the Energy and Water Development Appropriations Act, 1995, and was not repeated in subsequent appropriation acts. Similar provisions were contained in the following prior appropriation acts: Pub. L. 103–126, title II, Oct. 28, 1993, 107 Stat. 1323. Pub. L. 102–377, title II, Oct. 2, 1992, 106 Stat. 1328. Pub. L. 102–104, title II, Aug. 17, 1991, 105 Stat. 523. Pub. L. 101–514, title II, Nov. 5, 1990, 104 Stat. 2084. Pub. L. 101–101, title II, Sept. 29, 1989, 103 Stat. 653. Pub. L. 100–371, title II, July 19, 1988, 102 Stat. 863. Pub. L. 100–202, § 101(d) [title II], Dec. 22, 1987, 101 Stat. 1329–104, 1329–115. Pub. L. 99–500, § 101(e) [title II], Oct. 18, 1986, 100 Stat. 1783–194, 1783–201, and Pub. L. 99–591, § 101(e) [title II], Oct. 30, 1986, 100 Stat. 3341–194, 3341–201. Pub. L. 99–141, title II, Nov. 1, 1985, 99 Stat. 568.

§618d Readvances From Treasury Where Dam Fund Is Insufficient to Meet Cost of Replacements

Summary

Title 43, §618d

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Citations & Metadata