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PUBLIC LAW 354-AUG. 11, 1955

STAT.]

Such portion of the Department of Agriculture Appropriation Act of 1890, approved March 2, 1889, as related to examination of soils by experimental stations (25 Stat. 841; 7 U.S.C. 364). That part of the Act of October 1, 1918, relating to the Georgia Agricultural Experiment Station (40 Stat. 998; 7 U.S.C. 383). Approved August 11, 1955. Public Law 353

CHAPTER 791

AN ACT Granting the consent of Congress to the States of California and Nevada to negotiate and enter into a compact with respect to the distribution and use of the waters of the Truckee, Carson, and Walker Rivers, Lake Tahoe, and the tributaries of such rivers and lake in such States.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the consent of Congress is hereby given to the States of California and Nevada to negotiate and enter into a compact with respect to the distribution and use of the waters of the Truckee, Carson, and Walker Rivers, Lake Tahoe, and the tributaries of such rivers and lake in such States. SEC. 2. Such consent is given upon the following conditions: (1) A representative of the United States, who shall be appointed by the President of the United States, shall participate in such negotiations and shall make a report to the President and to the Congress of the proceedings and of any compact entered into; and (2) Such compact shall not be binding or obligatory upon either of such States unless and until it has been ratified by uvt, legislature of each of such States and consented to by the Congress of the United States. SEC. 3. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved August 11, 1955.

Public Law 354

C a 11 f o rnla and Nevada. Water c o n t a c t.

Reports.

CHAPTER 792

AN ACT To provide that the tax on admissions shall not apply to certain athletic events held for the benefit of the United States Olympic Association.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4233 (a) of the Internal Revenue Code of 1954 (relating to exemptions from the admissions tax) is hereby amended by adding at the end thereof the following new paragraph: "(10)

August 11, 1955 [S. 1391]

ATHLETIC EVENTS FOR BENEFIT OF UNITED STATES OLYMPIC

ASSOCIATION.—Any admissions to an athletic event, if (A) such event is conducted by the United States Olympic Association, or the conduct of such event for the benefit of such association is authorized in advance by such association, and (B) all the proceeds of the admissions inure exclusively to the benefit of such association." SEC. 2. The amendment made by the first section of this Act shall apply only with respect to amounts paid on or after the first day of the first month which begins more than 10 days after the date of the enactment of this Act for admission on or after such first day. Approved August 11, 1955.

August 11, 1955 [H. R. 7095]

68A Stat. 498. 26 USC 4233 (a).

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