§ 501. Disposition of profits of project taken over by water users
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/usc/title-43/section-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the water users take over the care, operation, and maintenance of a project, or a division of a project, the total accumulated net profits, as determined by the Secretary, derived from the operation of project power plants, leasing of project grazing and farm lands, and the sale or use of town sites shall be credited to the construction charge of the project, or a division thereof, and thereafter the net profits from such sources may be used by the water users to be credited annually, first, on account of project construction charge, second, on account of project operation and maintenance charge, and third, as the water users may direct.
No distribution to individual water users shall be made out of any such profits before all obligations to the Government shall have been fully paid.
(Dec. 5, 1924, ch. 4, § 4, subsec. I, 43 Stat. 703.)
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- Public Law 249
- Public Law 497
- Public Law 68
- Public Law 396
- Public Law 450
- Public Law 87–149
- Public Law 415
- Public Law 403
- Public Law 347
- Public Law 108–351To amend the Lease Lot Conveyance Act of 2002 to provide that the amounts received by the United States under that Act shall be deposited in the reclamation fund, and for other purposes
- Public Law 308
- Public Law 498
- Public Law 69
- Public Law 250
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U.S. Code
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- Dec. 5, 1924, ch. 4, § 4
- 43 Stat. 703
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§ 501
Disposition of profits of project taken over by water users
Stat.×19
Fed. Reg.×2
U.S.C.×1
ActDec. 5, 1924, ch. 4, § 4
Stat.43 Stat. 703
Cites 3Cited by 22 across 3 sources