Laws: Cases and Codes : U.S. Code : Title 42 : Section 1962d-14a


   
U.S. Code as of: 01/19/04
Section 1962d-14a. Alaska hydroelectric power development

    (a) Congressional findings and declaration
      (1) The Congress finds that the expeditious development of
    hydroelectric power generating facilities in Alaska that are
    environmentally sound to assist the Nation in meeting existing and
    future energy demands is in the national interest.
      (2) The Congress therefore declares that the expertise of the
    Chief of Engineers can and should be utilized for the benefit of
    local public bodies in the development of projects which yield 90
    per centum or more of the benefits of the project are attributable
    to hydroelectric power generation when the project is fully
    operational.
    (b) Establishment of fund; composition
      To meet the goals of this section, there is hereby established in
    the Treasury of the United States an Alaska Hydroelectric Power
    Development Fund (hereafter referred to as the "fund") to be and
    remain available for use by the Secretary of the Army (hereinafter
    referred to as the "Secretary") to make expenditures authorized by
    this section. The fund shall consist of (1) all receipts and
    collections by the Secretary of repayments in accordance with
    subsection (e) of this section and payments by non-Federal public
    authorities to the Secretary to finance the cost of construction of
    projects in accordance with subsection (f) of this section, and
    which the Secretary is hereby directed to deposit in the fund as
    they are received, and (2) any appropriations made by the Congress
    to the fund.
    (c) Authorization of appropriation
      There is authorized to be appropriated to the Secretary for
    deposit in the fund established by subsection (b) of this section
    the sum of $25,000,000.
    (d) Investments; deposits
      (1) If the Secretary determines that moneys in the fund are in
    excess of current needs, he may request the investment of such
    amounts as he deems advisable by the Secretary of the Treasury in
    direct, general obligations of, or obligations guaranteed as to
    both principal and interest by, the United States.
      (2) With the approval of the Secretary of the Treasury, the
    Secretary may deposit moneys of the fund in any Federal Reserve
    bank or other depository for funds of the United States, or in such
    other banks and financial institutions and under such terms and
    conditions as the Secretary and the Secretary of the Treasury may
    mutually agree.
    (e) Expenditures for phase I design memorandum stage of advanced
      engineering and design; withholding of favorable report to
      Congress prior to repayment; expenditures from non-Federal funds
      The Secretary is authorized to make expenditures from the fund
    for the phase I design memorandum stage of advanced engineering and
    design for any project in Alaska that meets the requirements of
    subsection (a)(2) of this section, if appropriate non-Federal
    public authorities, approved by the Secretary, agree with the
    Secretary, in writing, to repay the Secretary for all the separable
    and joint costs of preparing such design memorandum, if such report
    is favorable. Following the completion of the phase I design
    memorandum stage of advanced engineering and design under this
    subsection, the Secretary shall not transmit any favorable report
    to Congress prior to being repaid in full by the appropriate
    non-Federal public authorities for the costs incurred during such
    phase I. The Secretary is also authorized to make expenditures from
    non-Federal funds deposited in the fund as an advance against
    construction costs.
    (f) Authorization to construct projects; expenditures
      In connection with water resources development projects which
    meet the criteria established by subsection (a)(2) of this section
    and which are to be constructed by the Secretary, acting through
    the Chief of Engineers, in accordance with an authorization by
    Congress and a contract between the non-Federal public authorities
    and the Secretary, pursuant to subsection (g)(1) of this section
    occurring on or subsequent to October 22, 1976, the Secretary,
    acting through the Chief of Engineers, is authorized to construct
    such projects including activities for engineering and design land
    acquisition, site development, and off-site improvements necessary
    for the authorized construction by making expenditures from (1) the
    Fund established in subsection (b) of this section of funds
    deposited by non-Federal public authorities as payments for
    construction and (2) payments of non-Federal public authorities
    held by the Secretary as payment of construction costs for a
    project authorized by this section.
    (g) Agreement with non-Federal public authorities and submittal to
      Congressional committees, payment of total non-Federal
      obligations; conditions of United States assumption of excess
      over costs fixed in agreement, payment subject to appropriations
      acts
      (1) Prior to initiating any construction work under the
    authorities of this section, the Secretary and the appropriate
    non-Federal public authorities shall agree in writing, and submit
    such agreement to the Committees on Environment and Public Works
    and on Appropriations of the Senate and the Committees on Public
    Works and Transportation and on Appropriations of the House of
    Representatives for review and reporting to the Congress for its
    consideration and approval that the appropriate non-Federal public
    authorities will pay the full anticipated costs of constructing the
    project at the time such costs are incurred, together with normal
    contingencies and related administrative expenses of the Secretary,
    and such payments shall be deposited in the fund or held by the
    Secretary for payment of obligations incurred by the Secretary on
    an authorized project under this section. The agreement shall
    provide for an initial determination of feasibility and compliance
    by the project with law. The total non-Federal obligation shall be
    paid on or prior to the date the Chief of Engineers has estimated
    by agreement, that the project concerned will be available for
    actual generation of all or a substantial portion of the authorized
    hydroelectric power of the project.
      (2) In consideration of the obligations to be assumed by
    non-Federal public authorities under the provisions of this section
    and in recognition of the substantial investments which will be
    made by these authorities in reliance on the program established by
    this section, the United States shall assume the responsibility for
    paying for all costs over those fixed in the agreement with the
    non-Federal public authorities, if such costs are occasioned by
    acts of God, failure on the part of the Secretary, acting through
    the Chief of Engineers, to adhere to the agreed schedule of work or
    a failure of design: Provided, That payments by the Secretary of
    such costs shall be subject to appropriations acts.
    (h) Conveyance of title, rights, and interests of United States;
      Federal requirements, reservations, and provisions
      The Secretary is authorized and directed, pursuant to the
    agreement, to convey all title, rights, and interests of the United
    States to any project, its lands and water areas, and appurtenant
    facilities to the non-Federal public authorities which have agreed
    to assume ownership of the project and responsibility for its
    performance, operation, and maintenance, as well as necessary
    replacements in accordance with this section upon full payment by
    such non-Federal public authorities as required under subsection
    (g)(1) of this section. Such conveyance shall, pursuant to the
    agreement required by subsection (g) of this section, to the
    maximum extent possible, occur immediately upon the project's
    availability for generation of all or a substantial portion of the
    authorized hydroelectric power of the project, and shall include
    such Federal requirements, reservations, and provisions for access
    rights to the project and its records as the Secretary finds
    advisable to complete any portion of project construction remaining
    at the time of conveyance and to assure that the project will be
    operated and maintained in a responsible and safe manner to
    accomplish, as nearly as may be possible, all of the authorized
    purposes of the project including, but not restricted to,
    hydroelectric power generation.
    (i) Short title
      This section shall be cited as the "Alaska Hydroelectric Power
    Development Act".



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