43 U.S.C. § 485h–7 — Amendment of repayment contract for payment of annual installments in two parts
submitted 64 years ago by Pub. L. 87-613 to r/title-43-PUBLIC-LANDS · 57 words · no verdicts yet
A repayment contract normally calls for one construction-charge payment each year. The Secretary of the Interior may agree with the contracting organization to split that payment into two. The two payment dates are chosen to best help the organization meet its obligations.
For any repayment contract* that provides for paying construction charges* through a single annual installment, the Secretary* may agree with the contracting organization* to amend the contract. The amendment splits that single annual installment into two payments instead. The two payment dates within the calendar year are chosen to best let the contracting organization meet its payment obligations.
In any repayment contract* which provides for payment of construction charges* by single annual installments, the Secretary* may by agreement with the contracting organization* amend such contract to provide for the payment of such annual installments in two parts on such dates in the calendar year as may best enable the contracting organization to meet its payments.
Source credit: (Pub. L. 87–613, § 3, Aug. 28, 1962, 76 Stat. 408.)
- 1962Enacted · Pub. L. 87-613 · 76 Stat. 408
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-613 on 1962-08-28.
all 0 arguments · sorted by: best
no arguments yet — make the first case