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16 U.S.C. § 590z–6 — Disposition of receipts from repayment contracts and project operations

submitted 87 years ago by ch. 717 to r/title-16-CONSERVATION · 123 words · no verdicts yet

in plain englishAI-generated · not legal advice

Repayments and other project receipts generally go into the Treasury. Certain development-period and operation-and-maintenance charges remain available to pay those project costs.

All payments to the United States under repayment contracts for reimbursable construction costs, including delinquency penalties, and all other receipts from project operations under sections 590z–2 and 590z–7 must be deposited in the Treasury as miscellaneous receipts. Development-period charges under section 590z–2(c)(1), except amounts credited to construction costs, and operation-and-maintenance charges under section 590z–2(c)(2), remain available to pay the project's operation and maintenance, as if Congress had specifically appropriated them for that purpose.

the actual law source: uscode.house.gov ↗public domain

All payments made to the United States under repayment contracts on account of reimbursable construction costs, including penalties collected for delinquencies in such payments, and all other receipts from project operations pursuant to sections 590z–2 and 590z–7 of this title shall be covered into the Treasury to the credit of miscellaneous receipts. Charges collected during the development period of a project under section 590z–2(c)(1) of this title, excepting such amounts thereof as may be credited to reimbursable construction costs, and charges collected for the operation and maintenance of a project under section 590z–2(c)(2) of this title shall be available for expenditure for operation and maintenance of said project in like manner as if said funds had been specifically appropriated for said purposes.

Source credit: (Aug. 11, 1939, ch. 717, § 8, as added Oct. 14, 1940, ch. 861, 54 Stat. 1124.)

history & why it existsrecord from the source credit
  • 1939Enacted · Act of Aug. 11, 1939, ch. 717 · 54 Stat. 1124

A history note hasn’t been published yet. The record shows enactment by ch. 717 on 1939-08-11.

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