Chapter 833. For the rehabilitation of the Bitter Root irrigation project, Montana
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CHAP. 833.— An Act For the rehabilitation of the Bitter Root irrigation project, Montana. July 3, 1930.[[H. R. 9990](/us/bill/71/hr/9990).][[Public, No. 506](/us/pl/71/506).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Bitter Root irrigation project, Mont.Sum authorized for rehabilitation of.Vol. 32, p. 388. That there is hereby authorized to be appropriated from the reclamation fund established by the Act of June 17, 1902 (Thirty-second Statutes, page 388), the sum of $750,000, or as much thereof as may be necessary to be used for the rehabilitation of the Bitter Root irrigation project in Montana.
Sec. 2. Purposes designated. The Secretary of the Interior, hereinafter styled the Secretary, is authorized to use money thus appropriated for the following purposes:
(1)Liquidating indebtedness.*Post*, p. 1144. For liquidating bonded and other outstanding indebtedness of such irrigation project on such basis of valuation as the Secretary may regard as equitable, not exceeding 75 per centum of the principal and accrued interest, no portion of such outstanding indebtedness to be liquidated except a total outstanding indebtedness of such project is so liquidated;
(2)Construction, etc. For doing or causing to be done under his supervision any construction, betterment, or repair work necessary to place the irrigation system of such project in good operating condition, and as provided for in the contract hereinafter required;
(3)Loans to Irrigation district. For loaning to such irrigation district, hereinafter provided for, such funds as in the opinion of the Secretary are necessary for any construction, betterment, or repair work to place the irrigation system of such project in good operating condition. Sec. 3. Repayment of. All funds so used or advanced shall be repaid to the UnitedInterest rate. States within a period, to be fixed by the Secretary, of not more than forty years, with interest at the rate of 4 per centum per annum on. the funds so used or advanced from the date of such use or advancementContract to precede loan. until repaid. Before any funds are so used or advanced a contract or contracts satisfactory to the Secretary shall be executed byLien on land, etc. an irrigation district, formed under State law, obligating such district to repay the funds so used or advanced as required by this Act. AnyOperation and maintenance. contract so executed with such district shall require a lien on the land and on the irrigation systems of such project. The operation and maintenance of such project shall be continued by the authorities in charge under the supervision of the Secretary, so far as necessary to effectuate the purposes of this Act. Sec. 4. Penalty for default in interest payments. In case of default in the payment when due of any interest or other charges under any contract executed as herein provided there853 shall be added to the amount unpaid a penalty of one-half of 1 per centum of the amount unpaid on the 1st day of each month thereafter so long as such default shall continue, such penalties being in addition to the interest provided in section 3. The provisions of any contractEnforcing contract. executed hereunder may be enforced by suit or by the foreclosure of any lien in the manner authorized by the State laws applicable in similar cases. In addition to other remedies the Secretary, in anyPenalty for default in payment of installment. contract executed hereunder, may provide that in case of default for more than twelve months in the payment of any installment, the control, operation, and maintenance of the project may, in the discretion of the Secretary, he assumed by the United States and the delivery of water withheld until payments are duly made in accordance with the contract requirements. Sec. 5. No funds shall be appropriated for the purposes hereinFunds withheld pending investigation, etc. authorized until investigation and examination shall have been made of all pertinent conditions surrounding such project and until the Secretary has made a report of his finding in writing to Congress thatReport to Congress. in his opinion by the action proposed the project can and will be placed upon a sound basis from a financial and economic standpoint so that the funds so used and advanced will be returned to the United States. Sec. 6. The Secretary is authorized to perform any and all actsRules and regulations. and to make and enforce all needful rules and regulations for effectuating the purposes of this Act. Approved, July 3, 1930.