43 U.S.C. § 600 — Minidoka project, Idaho; sales of water from American Falls Reservoir

in plain englishAI-generated · not legal advice

A contractor may not obtain a right to use water from American Falls Reservoir in the Minidoka project unless the contract requires the contractor to pay 6 percent annual interest on the contractor's proportionate share of specified construction advances made by the United States before the contract date.

No contractor shall secure a right to the use of water from American Falls Reservoir, Minidoka project, except under a contract containing the provision that the contractor shall, as a part of the construction cost, pay interest at the rate of six per centum per annum upon the contractor’s proper proportionate share, as found by the Secretary of the Interior, of the moneys advanced by the United States on account of the construction of said reservoir prior to the date of the contract.

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

No contractor shall secure a right to the use of water from American Falls Reservoir, Minidoka project, except under a contract containing the provision that the contractor shall, as a part of the construction cost, pay interest at the rate of six per centum per annum upon the contractor’s proper proportionate share, as found by the Secretary of the Interior, of the moneys advanced by the United States on account of the construction of said reservoir prior to the date of the contract.

Source credit: (June 5, 1924, ch. 264, 43 Stat. 417.)

history & why it existsrecord from the source credit

1924Enacted · Act of June 5, 1924, ch. 264 · 43 Stat. 417

A history note hasn’t been published yet. The record shows enactment by ch. 264 on 1924-06-05.