Page:United States Statutes at Large Volume 62 Part 1.djvu/299

 62 STAT.] 80TH CONG., 2D SESS.-CHS. 339, 340 -MAY 25,1948 after enactment of this Act and the sale shall be completed within a reasonable time after such offer. The sale price shall not exceed the amount at which the house was carried on the books of the Defense Homes Corporation at the date of transfer to the Secretary. The sale contract and documents of title shall contain (1) a provision prohibiting resale within three years at a price exceeding the price paid the Secretary and (2) a provision prohibiting resale on any terms during such period unless resale on such terms shall first have been offered to, and refused by, the Secretary. The Secretary is authorized and directed to lease the lot on which each house so sold is situated to the purchaser of such house in accordance with the provisions set out under the heading "Boulder Canyon Project" in the Interior Department Appropriation Act, 1941 (54 Stat. 406, 437). The Secretary is authorized to repossess the houses now occupied by persons who are ineligible to purchase under the provisions of this Act, and to lease all apartments acquired from Defense Homes Corporation and all houses so acquired and not sold pursuant to this Act, together with the lands upon which situated, upon such terms and conditions as he may see fit in accordance with existing law. All proceeds from the sale and lease of houses and apartments by the Secretary pursuant to this Act shall be deposited in the Treasury and credited to the Colorado River Dam fund established by section 2 of the Boulder Canyon Project Act (45 Stat. 1057). Approved May 25, 1948. [CHAPTER 340] AN ACT Sale price. Sale contract and documents of title. 43U. S.0. §617u Repossession of houses; leases. Proceeds. 43U. S. C. 617a. May 25, 1948 To provide for adjustment of irrigation charges on the Flathead Indian irrigation [H. R. 5669] project, Montana, and for other purposes. [Public Law 554] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the repayment to the United States of all reimbursable costs heretofore or hereafter incurred for the construction of the irrigation and power systems of the Flathead Indian irrigation project in Montana (hereinafter called the project), including such operation and maintenance costs as have been covered into construction costs under the Act of March 7, 1928 (45 Stat. 200, 212-213), and supplemental Acts, and including the unpaid operation and maintenance costs for the irrigation seasons of 1926 and 1927 which are hereby covered into construction costs, shall be accomplished as prescribed by this Act, notwithstanding any pro- vision of law to the contrary. SEC. 2. (a) All costs heretofore or hereafter incurred for the con- struction of the irrigation system shall be allocated to the Mission Valley, Camas, and Jocko divisions of the project in proportion to the amount of such costs incurred for the respective benefit of each of these divisions. (b) The net revenues heretofore and hereafter accumulated from the power system shall be determined by deducting from the gross revenues the expenses of operating and maintaining the power system, and the funds necessary to provide for the creation and maintenance of appropriate reserves in accordance with section 3 of the Act of August 7, 1946 (60 Stat. 895; 31 U. S. C., sec. 725s-3). (c) The deferred obligation established by the Act of May 10, 1926 (44 Stat. 453, 464-466), for repayment of the per acre costs of the Camas division in excess of the per acre costs of the Mission Valley division shall be determined on the basis of the costs heretofore incurred for the construction of those divisions, and shall be liquidated Flathead Indian Ir- rigation project, Mont. Adjustment of Ir- rigation charges. Allocation of oasts Net revenues from power system. Deferred obliga- tion.

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