Page:United States Statutes at Large Volume 79.djvu/284

 PUBLIC LAW 89-79-JULY 21, 1965

244

[79 STAT.

Public Law 89-79 July 21, 1965 [H. R. 5306]

Banks. Time deposits. 49 Stat. 715; 76 Stat. 953.

64 Stat. 893; 76 Stat. 953.

AN ACT To continue the authority of domestic banks to pay interest on time deposits of foreign governments at rates differing from those applicable to domestic depositors.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the last sentence of the fourteenth paragraph (12 U.S.C. 37lb) of section 19 of the Federal Reserve Act is amended by changing "the effective date of this sentence and ending upon the expiration of three years after such date," to read "October 15, 1962, and ending on October 15, 1968,". SEC. 2. The last sentence of section 18(g) of the Federal Deposit Insurance Act (12 U.S.C. 1828(g)) is amended by changing "the effective date of this sentence and ending upon the expiration of three years after such date," to read "October 15, 1962, and ending on October 15, 1968,". Approved July 21, 1965. Public Law 89-80

July 22, 1965 [S. 21]

Water Resources Planning Act.

AN ACT To provide for the optimum development of the Nation's natural resources through the coordinated planning of water and related land resources, through the establishment of a water resources council and river basin commissions, and by providing financial assistance to the States in order to increase State participation in such planning.

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

of the

SHORT TITLE SECTION

1. This Act may be cited as the "Water Resources Planning

Act". STATEMENT OF POLICY

SEC, 2. In order to meet the rapidly expanding demands for water throughout the Nation, it is hereby declared to be the policy of the Congress to encourage the conservation, development, and utilization of water and related land resources of the United States on a comprehensive and coordinated basis by the Federal Government, States, localities, and private enterprise with the cooperation of all affected Federal agencies, States, local governments, individuals, corporations, business enterprises, and others concerned. EFFECT ON EXISTING LAWS Federal or state jurisdiction.

Federal officials.

SEC. 3. Nothing in this Act shall be construed— (a) to expand or diminish either Federal or State jurisdiction, responsibility, or rights in the field of water resources planning, development, or control; nor to displace, supersede, limit or modify any interstate compact or the jurisdiction or responsibility of any legally established joint or common agency of two or more States, or of two or more States and the Federal Government; nor to limit the authority of Congress to authorize and fund projects; (b) to change or otherwise affect the authority or responsibility of any Federal official in the discharge of the duties of his office except as required to carry out the provisions of this Act with respect to the preparation and review of comprehensive regional

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