Page:United States Statutes at Large Volume 47 Part 1.djvu/100

 76 72d CONGRESS. SESS. I. CH. 95. APRIL 1, 1932. shall be paid at such times, as the Secretary of the Interior shall Prooiaos ' determine : Provided, That in determining the rate for the sale of Interest as element In determina tion of power d uring the ir rigati on sea son of 1931 t o irri gation distr icts power rate. from any power plant operated by the Bureau of Reclamation, interest on the cost of the power system shall not be included as an element, but interest at the rate of 21 /2 per centum per annum shall be included as an element of such rate for the sale of power to such districts during the irrigation season of 1932 : And provided further, Construction charges That the payments for construction charges and interest payments and inter est payme nts not waive d. on the cost of the power Systems referred to in this Act shall not be deemed waived, but only deferred, and shall be paid as provided in this Act. Benefits to apply to SEC. 2 . On projects or divisions of projects where no irrigation individual water-right applicants, district, water-users' association, or other water-users' organization has assumed joint obligation for payment of construction charges individual water-right applicants or entrymen upon acceptance of this Act in a manner satisfactory to the Secretary of the Interior, shall be required to make no payment on the regular construction charge for the calendar year 1931, and in lieu of the installments payable under existing contracts, may pay their regular install- ments of construction charges for the calendar year 1932 on the same basis as that authorized in section 1 hereof for districts, associations, and other water-users' organizations. mation IIn project, Colo. .s o- SEC. 3. The Act of Congress approved January 31, 1931, entitled Vol.46,p.1974 . "An Act for the relief of the Uncompahgre reclaation project, Colorado" (Private, Numbered 300, Seventy-first Congress), is hereby amended to extend for one year from and after January 1, 1932, the time for beginning construction of drainage system upon Construction of the Uncompahgre project, and any and all construction charges drainage. systems on, accruing upon or for said project for or during the year 1932, shall Payment. be deferred and included in and made payable as a part of the project supplemental construction char e provided for in said Act of January 31, 1931 ; and in order to afford opportunity to complete the construction authorized by the Act of Congress approved Feb- Grand Valle y recla- ruary 21, 1931 (Public, Numbered 708), relating to the Grand Valley mation project, Colo. Vol.46,p .1202. reclamation project, Colorado, any and all construction charges deferredructio n charges accruin g upon or fo r said proje ct fr or duri ng the year 1932 s hall be deferred and shall be included in and made payable as project supplemental construction charges' under the terms as provided in this Act. Resumption of eay- SEC. 4. At the expiration of the period for which deferment of ments of charges under existing contracts. charges is made under this Act, all districts,. water-users' associa- tions, or other water-users' organizations, and all individuals accept- ing the provisions hereof shall resume payment of charges on the basis of and inaccordance with existing contracts and shall continue payments thereafter. until the entire indebtedness of said districts water-users' associations, or other water-users' organizations, and atr u hon dea fer eedm c individuals to the United States shall have been fully paid. In the due. case of a dis trict, water -users ' asso ciation or ot her wa ter-us ers' organization, or individual having contracts executed pursuant to 38, , . ~88,vp o1 "';.Vol- 44, eathe Act of February 21, 1911 (36 Stat . 925), the Act of August 13, 1914 (38 Stat . 686), or the Act of May' 25, 1926 (444 Stat . 636) 1, or any special Act the deferred construction installment or installments for the c alendar, year 1931 , and tha t portion of the 1 932 insta llment or installments deferred, together with the installment or install- ments of deferred construction and/or . operationn and maintenance a 8o in original.