Page:United States Statutes at Large Volume 100 Part 2.djvu/91

 PUBLIC LAW 99-468—OCT. 14, 1986

100 STAT. 1193

Public Law 99-468 99th Congress An Act Granting the consent of the Congress to the amendments to the Susquehanna River Basin Compact.

Oct. 14, 1986 [H.R. 2971]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. AMENDMENTS TO SUSQUEHANNA RIVER BASIN COMPACT.

(a) CONSENT OF CONGRESS.—The consent of the Congress is hereby given to the amendments, described in subsection OJ), to the Susquehanna River Basin Compact, entered into by the States of New York, Pennsylvania, and Maryland and consented to by the Congress in the Act of December 24, 1970 (84 Stat. 1509). (b) DESCRIPTION OF AMENDMENTS.—The amendments referred to in subsection (a) have been ratified by the States described in such subsection and have the effect of— (1) amending section 13.9 of Article 13 of the Susquehanna River Basin Compact (84 Stat. 1528) to read as follows: "13.9 Interest. Bonds shall bear interest at such rate as the commission shall determine, payable annually and semi-annually."; and (2) amending section 13.13 of such article (84 Stat. 1528) to read as follows: "13.13 Sale. The commission may fix terms and conditions for the sale or other disposition of any authorized issue of bonds and may sell its bonds at less than their par or face value. All bonds issued or sold for cash pursuant to this compact shall be sold on sealed proposals to the highest bidder. Prior to such sale, the commission shall advertise for bids by publication of a notice of sale not less than ten days prior to the date of sale, at least once in a newspaper of general circulation printed and published in New York City carrying municipal bonds notices and devoted primarily to financial news. The commission may reject any and all bids submitted and may thereafter sell the bonds so advertised for sale at private sale to any financially responsible bidder under such terms and conditions as it deems

New York. Pennsylvania. Maryland.

Securities.

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