Page:United States Statutes at Large Volume 66.djvu/372

 326

43 USC 4 85h.

Appropriation.

4 6 Stat. 3000. 45 Stat. 105 7. 63 Stat. 3 1. 5s Stat. 1219.

PUBLIC LAW 446-JULY 3, 1952

[66 S T A T.

with this Act: Provided, That any contract entered into pursuant to subsection (d) of section 9 of the Reclamation Project Act of 1939 (53 Stat. 1187) may provide that the general repayment obligation shall be spread in annual installments, in number and amounts satisfactory to the Secretary, over a period of not exceeding fifty years, exclusive of any development period as therein provided, for any project contract unit or for any irrigation block, if the project contract unit be divided into two or more irrigation blocks: Provided further, That, notwithstanding any provision of law to the contrary, net revenues derived from the sale of commercial power and from the furnishing of water for municipal, domestic, and industrial use shall be applied, first, to the amortization, with interest, of those portions of the actual cost of the construction of the project which are allocated, respectively, to commercial power and to municipal, domestic, and industrial water supply; and, thereafter, shall be applied to amortization of that portion of the cost allocated to irrigation which is beyond the ability of the irrigation water users to repay within the period specified above. Amortization of that portion of the construction cost allocated to commercial power shall include interest on the unamortized balance thereof at 3 per centum per annum. Repayment of that portion of the actual cost of constructing the project which is allocated to municipal, domestic, and industrial water supply and of interest on the unamortized balance thereof at a rate (which rate shall be certified by the Secretary of the Treasury) equal to the average rate paid by the United States on its long-term loans outstanding at the time the repayment contract is negotiated minus the amount of such net revenues as may be derived from temporary water supply contracts or from other sources prior to the close of the repayment period, shall be assured by a contract or contracts satisfactory to the Secretary, the term of which shall not exceed fifty years from the date of completion of the municipal and industrial water supply features of the project as determined by the Secretary. SEC. 3. There are hereby authorized to be appropriated, out of any moneys in the Treasury not otherwise appropriated, approximately $16,086,000 to carry out the purposes of this Act. SEC. 4. This Act and all works constructed hereunder shall be subject to and controlled by the Colorado River Compact dated November 24, 1922, and proclaimed effective by the President June 25, 1929, the Boulder Canyon Project Act approved December 2, 1928, the Upper Colorado River Basin Compact dated October 11, 1948, and the Mexican Water Treaty, and no right or claim of right to the use of the waters of the Colorado River shall be aided or prejudiced hereby. Approved July 3, 1952. Public Law 446

CHAPTER 566

July 3, 1952 [H. R. 7231]

AN ACT TQ amend the Act entitled "An Act to provide books for the adult blind".

2 USC 135a.

Be it enacted by the Senate and House of Representatives of t?ie United States of America in Congress assembled, That the first senteucc of the Act of June 13, 1944 (58 Stat. 276), is amended by striking out the word "adult". Approved July 3, 1952.

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