42 U.S.C. § 1962d–5c — Non-Federal public bodies, installment construction payments
submitted 52 years ago by Pub. L. 93-251 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 163 words · no verdicts yet
For certain water-resources projects that had not begun construction by March 7, 1974, non-Federal public bodies may repay agreed cash contributions in yearly installments during construction. The Secretary may modify existing cost-sharing agreements to make this possible.
(a) For a water-resources project* authorized before, by, or after this section, whose construction had not begun by March 7, 1974, a non-Federal public body may repay an agreed cash contribution to Federal construction costs in annual installments during construction. This applies when the authorization requires the contribution and no other law allows extended repayment. (b) At the request of an affected non-Federal public body, the Secretary* may modify an existing cost-sharing* agreement to carry out subsection (a).
In connection with any water resource development project*, heretofore, herein, or hereafter authorized to be undertaken by the Secretary* of the Army, the construction of which has not been initiated as of March 7, 1974, where authorization requires that non-Federal public bodies make an agreed-upon cash contribution as part of their reimbursement to the Federal Government for construction costs, or a specific portion of the construction costs, and where there exists no other provision of law which would permit extended repayment for the construction costs or such specific portion of the construction costs involved, such non-Federal public bodies may make such repayment in annual installments during the period of construction.
Upon the request of affected non-Federal public bodies, the Secretary of the Army is authorized to modify existing cost sharing agreements in order to effectuate the provisions of subsection (a) of this section.
Source credit: (Pub. L. 93–251, title I, § 40, Mar. 7, 1974, 88 Stat. 23.)
- 1974Enacted · Pub. L. 93-251 · 88 Stat. 23
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-251 on 1974-03-07.
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