Page:United States Statutes at Large Volume 120.djvu/3737

 120 STAT. 3706

PRIVATE LAW 109–1—MAY 12, 2006

(A) IN GENERAL.—In exchange for the continued occupancy and use of the property, the tenant shall annually 1⁄25 of the amount pay to the Secretary an amount equal to specified in section 3(B) of the Agreement. (B) ADVANCE PAYMENT REQUIRED.—The annual payments required under subparagraph (A) shall be paid in advance by not later than May 1 of each year. (C) DISPOSITION.—Amounts received by the Secretary under this paragraph shall be— (i) deposited in a special account in the Treasury of the United States; and (ii) made available, without further appropriation, to the Rocky Mountain National Park until expended. (3) PUBLIC ACCESS.—The public shall have access to both banks of the main channel of the Colorado River. (d) TERMINATION.—The right of occupancy and use authorized under this Act— (1) shall not be extended to any individual other than the tenant; and (2) shall terminate— (A) on the death of the tenant; (B) if the tenant does not make a payment required under subsection (c)(2); or (C) if the tenant otherwise fails to comply with the terms of this Act. (e) EFFECT.—Nothing in this Act— (1) allows the construction of any structure on the property described in subsection (b) not in existence on November 30, 2004; or (2) applies to the occupancy or use of the property described in subsection (b) by any person other than the tenant. Approved May 12, 2006.

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