Code · STATUTE-COMPILATIONS · provide for improvements to the rivers and harbors of the United States, to provide for the conservation and development of water and related resources, to provide for water pollution control activiti · Sec. 1122

Sec. 1122. LIMITATION ON CONTRACT EXECUTION

112 words·~1 min read·/statute-compilations/comps-15473/sec-1122

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## SEC. 1122 LIMITATION ON CONTRACT EXECUTION ###

(a)Limitation For any new covered contract entered into during the period beginning on the date of enactment of this Act and ending on December 31, 2020, any local governmental entity that is a party to a covered contract entered into before such period shall be required to pay not more than 110 percent of the contractual rate per acre-foot in effect under the most recent such covered contract. ###

(b)Covered Contract In this section, the term “covered contract” means a contract between a local governmental entity and the Secretary for water supply storage in a nonhydropower lake within the Verdigris River Basin.