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U.S. Code as of:
01/19/04
Section 385c. Appropriation and disposition of power revenues
Revenues collected after August 7, 1946, from power operations on
each Indian irrigation project and deposited into the Treasury for
credit to miscellaneous receipts pursuant to section 4 of the
Permanent Appropriation Repeal Act, 1934 (48 Stat. 1227), or
pursuant to other provisions of law, are authorized to be
appropriated annually, in specific or in indefinite amounts, equal
to the collections so credited, for the following purposes in
connection with the respective projects from which such revenues
are derived: (1) Payment of the expenses of operating and
maintaining the power system; (2) creation and maintenance of
reserve funds to be available for making repairs and replacements
to, defraying emergency expenses for, and insuring continuous
operation of the power system, the fund for each project to be
maintained at such level, within limits set by the Director of the
Office of Management and Budget, as may from time to time be
prescribed by the Secretary of the Interior; (3) amortization, in
accordance with the repayment provisions of the applicable statutes
or contracts, of construction costs allocated to be returned from
power revenues; and (4) payment of other expenses and obligations
chargeable to power revenues to the extent required or permitted by
law.
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