Sec. 338. Copan Lake, Oklahoma
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/bill/117/hr/7776/eas/section-338·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall amend Contract DACW56-81-C-0114 between the United States and the Copan Public Works Authority (referred to in this section as the Authority ), entered into on June 22, 1981, for the utilization by the Authority of storage space for water supply in Copan Lake, Oklahoma (referred to in this section as the project )— to release to the United States all rights of the Authority to utilize 4,750 acre-feet of future use water storage space; and to relieve the Authority from all financial obligations, to include the initial project investment costs and the accumulated interest on unpaid project investment costs, for the volume of water storage space described in paragraph (1).
During the 2-year period beginning on the effective date of execution of the contract amendment under subsection (a), the Secretary shall— provide the City of Bartlesville, Oklahoma, with the right of first refusal to contract for the utilization of storage space for water supply for any portion of the storage space that was released by the Authority under subsection (a); and ensure that the City of Bartlesville, Oklahoma, shall not pay more than 110 percent of the initial project investment cost per acre-foot of storage for the acre-feet of storage space sought under an agreement under paragraph (1).