Page:United States Statutes at Large Volume 70.djvu/466

 410

PUBLIC LAW 63a-JUNE 29, 1956

Transfers structures.

of

Crediting profits.

of

[70

ST A T.

amount by which the cost to the Government of a certain trestle to be constructed by the Southern Pacific Raihvaj^ Company across the Yuma Main Canal pursuant to the contract dated April 15, 1912, between it and the United States varies from $175,306. The Secretary is hereby authorized to transfer to the association, (a) those structures covered by agreement between the United States and the association dated April 1, 1953, and bearing contract numbered 14-06-303-490, as amended March 29, 1955, and a twenty-four-stall garage in the vicinity of said structures in consideration of the cash payment or addition to the said general repayment obligation of the net book cost of $15,000 less the aggregate of payments made by the association to the United States prior to the date of such transfer under said agreement and under agreement between the United States and the association dated November 6, 1952, and bearing contract numbered 14-06-303-79; and (b) the buildings located at 105,115, and 121 North Fifth Avenue, respectively, and at 460 First Street, within the exterior boundaries of the city of Yuma, Arizona, in consideration of the cash payment or addition to said general repayment obligation of the further sum of $3,756.87: Provided, That such transfers shall not include title to the lands on which any such structures or buildings are located. SEC. 3. The net profits to be deducted pursuant to section 2 hereof shall constitute the portion determined by the Secretary to be allocable to said Valley Division of such profits derived to and including the June 30 immediately preceding the date of said contract from the following: leases, permits, and other arrangements for use of project hinds and other project property within the division, the sale or use of townsites within the division, the sale of small tracts within the division pursuant to the Act of March 31, 1950 (64 Stat. 39, 43 U.S.C. sees. o75b-375f), and the furnishing of water or water service to other than water-right applicants from the irrigation works of the division. The contract authorized by section 1 hereof may also provide that for each subsequent fiscal year that portion of the net profits derived from the above-mentioned sources as well as the net profits from the Siphon Drop Powerplant after reserves for replacements, and/or depreciation and/or other appropriate purposes determined by the Secretary to be allocable to the division shall be credited annually, first on account of general repayment installments under said contract to become payable for the calendar year next following such fiscal year and second on account of operation and maintenance charges to become payable by the association to the United States for such calendar year, including but not limited to advance payments by the association for operation and maintenance of Siphon Drop Powerplant and payments for any rehabilitation work undertaken by the United States on behalf of the division. There is authorized to be transferred and deposited from time to time to the credit of the operation and maintenance appropriation for the Bureau of Reclamation from project revenues deposited in the reclamation fund amounts equal to the credits so applied on account of operation and maintenance charges payable by the association to the United States. The amounts thus credited to the operation and maintenance appropriation may be expended for the same objects and in the same manner as sums advanced by the association for the operation and maintenance of works retained by the United States: Provided, That if the Secretary determines that the portion of such net profits allocable to the division and available for svich credit during any calendar year exceeds the aggregate of the general repayment installment, if any, and the operation and maintenance charge payable by the association to the United States, he may pay the amount of such excess to the association from the reclamation fund. Approved June 29, 1956.

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