Page:United States Statutes at Large Volume 96 Part 1.djvu/1326

 96 STAT. 1284

PUBLIC LAW 97-293—OCT. 12, 1982 COOPERATIVE FUND

Establishment.

Appropriation authorization.

SEC. 313. (a) There is established in the Treasury of the United States a fund to be known as the "Cooperative Fund" for purposes of carrying out the obligations of the Secretary under sections 303,304, and 305 of this title, including— (A) operation, maintenance, and repair costs related to the delivery of water under sections 303,304,305; (B) any costs of acquisition and delivery of water from alternative sources under section 304(b) and 305(c); and (C) any damages payable by the Secretary under section 304(c) or 305(d) of this title. (b)(1) The Cooperative Fund shall consist of— (A) amounts appropriated to the Fund under paragraph (3) of this subsection; (B) $5,250,000 to be contributed as follows: (i) $2,750,000 (adjusted as provided in paragraph (2)) contributed by the State of Arizona; (ii) $1,500,000 (adjusted as provided in paragraph (2)) contributed by the City of Tucson; and (iii) $1,000,000 (adjusted as provided in paragraph (2)) contributed jointly by the Anamax Mining Company, the Cyprus-Pine Mining Company, the American Smelting and Refining Company, the Duval Corporation, and the Farmers Investment Company; and (C) interest accruing to the Fund under subsection (a) which is not expended as provided in subsection (c). (2) The amounts referred to in subparagraph (B) of paragraph (1) shall be contributed before the expiration of the three-year period beginning on the date of the enactment of this title. To the extent that any portion of such amounts is contributed after the one-year period beginning on the date of the enactment of this title, the contribution shall include an adjustment representing the additional interest which would have been earned by the Cooperative Fund if that portion had been contributed before the end of the oneyear period. (3) There are hereby authorized to be appropriated to the Cooperative Fund the following: (A) $5,250,000; and (B) Such sums up to $16,000,000 (adjusted as provided in paragraph 2) which the Secretary determines, by notice to the Congress, are necessary to meet his obligations under this title; and (C) Such additional sums as may be provided by Act of Congress. (c)(1) Only interest accruing to the Cooperative Fund may be expended and no such interest may be expended prior to the earlier of— (A) 10 years after the date of the enactment of this title; or (B) the date of completion of the main project works of the Central Arizona Project. (2) Interest accruing to the Fund during the twelve-month period before the date determined under paragraph (1) and interest accruing to Fund thereafter shall, without further appropriation, be available for expenditure after the date determined under paragraph (1).

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