§ 617a. “Colorado River Dam Fund”
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(a)Creation of fund; purpose; receipts and expenditures under control of Secretary of the Interior There is established a special fund, to be known as the “Colorado River Dam fund” (hereinafter referred to as the “fund”), and to be available, as hereafter provided for, only for carrying out the provisions of this subchapter. All revenues received in carrying out the provisions of this subchapter shall be paid into and expenditures shall be made out of the fund, under the direction of the Secretary of the Interior.
(b)Advancements to fund by Secretary of the Treasury; allocation; repayment; interest The Secretary of the Treasury is authorized to advance to the fund, from time to time and within the appropriations therefor, such amounts as the Secretary of the Interior deems necessary for carrying out the provisions of this subchapter..1 Of this amount the sum of $25,000,000 shall be allocated to flood control and shall be repaid to the United States out of 62½ per centum of revenues, if any, in excess of the amount necessary to meet periodical payments during the period of amortization, as provided in section 617c of this title. If said sum of $25,000,000 is not repaid in full during the period of amortization, then 62½ per centum of all net revenues shall be applied to payment of the remainder. Interest at the rate of 4 per centum per annum accruing during the year upon the amounts so advanced and remaining unpaid shall be paid annually out of the fund, except as herein otherwise provided.
(c)Limitation on use made of advancements Moneys in the fund advanced under subdivision
(b)shall be available only for expenditures for construction and the payment of interest, during construction, upon the amounts so advanced. No expenditures out of the fund shall be made for operation and maintenance except from appropriations therefor.
(d)Unpaid interest on advancements; charge on fund; rate of interest The Secretary of the Treasury shall charge the fund as of June 30 in each year with such amount as may be necessary for the payment of interest on advances made under subdivision
(b)at the rate of 4 per centum per annum accrued during the year upon the amounts so advanced and remaining unpaid, except that if the fund is insufficient to meet the payment of interest the Secretary of the Treasury may, in his discretion, defer any part of such payment, and the amount so deferred shall bear interest at the rate of 4 per centum per annum until paid.
(e)Money in fund in excess of amount needed; certification of fact; disposition The Secretary of the Interior shall certify to the Secretary of the Treasury, at the close of each fiscal year, the amount of money in the fund in excess of the amount necessary for construction, operation, and maintenance, and payment of interest. Upon receipt of each such certificate the Secretary of the Treasury is authorized and directed to charge the fund with the amount so certified as repayment of the advances made under subdivision (b), which amount shall be covered into the Treasury to the credit of miscellaneous receipts.
(Dec. 21, 1928, ch. 42, § 2, 45 Stat. 1057; Pub. L. 98–381, title I, § 103(a)(1), Aug. 17, 1984, 98 Stat. 1334.)
Connections44 cite this · traces to 1
Cited by 44 sections · top 43
statutes-at-large
- Public Law 86–249
- Public Law 89–298
- Public Law 98–381To authorize the Secretary of the Interior to construct, operate, and maintain certain facilities at Hoover Dam, and for other purposes
- Public Law 98–360Making appropriations for energy and water development for the fiscal year ending September 30, 1985, and for other purposes
- Public Law 470
- Public Law 172
- Public Law 90–479
- Public Law 641
- Public Law 90–147
- Public Law 89–689
- Public Law 111
- Public Law 87–880
- Public Law 85–863
- Public Law 91–439
- Public Law 450
- Public Law 85–900
- Public Law 85–167
- Public Law 465
- Public Law 88–511
- Public Law 93–97
- Public Law 87–330
- Public Law 92–134
- Public Law 88–257
- Public Law 163
- Public Law 86–700
- Public Law 93–393
- Public Law 415
- Public Law 92–405
- Public Law 106–461To authorize the Secretary of the Interior to produce and sell products and to sell publications relating to the Hoover Dam, and to deposit revenues generated from the sales into the Colorado River Dam fund
- Public Law 96–69Making appropriations for energy and water development for the fiscal year ending September 30, 1980, and for other purposes
- Public Law 97–88Making appropriations for energy and water development for the fiscal year ending September 30, 1982, and for other purposes
- Public Law 96–367Making appropriations for energy and water development for the fiscal year ending September 30, 1981, and for other purposes
- Public Law 94–180Making appropriations for public works for water and power development and energy research. including the Corps of Engineers—Civil, the Bureau of Reclamation, power agencies of the Department of the Interior, the Appalachian regional development programs, the Federal Power Commission, the Tennessee
- Public Law 99–141Making appropriations for energy and water development for the fiscal year ending September 30, 1986, and for other purposes
- Public Law 94–355Making appropriations for public works for water and power development and energy research, including the Corps of Engineers—Civil, the Bureau of Reclamation, power agencies of the Department of the Interior, the Appalachian regional development programs, the Federal Power Commission, the Tennessee
U.S. Code
- § 618Promulgation of charges for electrical energy
- § 618aReceipts from project; disposition
- § 619Increase in capacity of existing generating equipment at Hoover Powerplant; construction of Colorado River bridge crossing
- § 617cCondition precedent to taking effect of provisions
- § 617uLease of reserved lands in Boulder City, Nevada; disposition of revenues
- § 618fRepayment of advances for flood control
- § 617nProjects for irrigation, generation of electric power, and other purposes; investigations and reports
Traces to 1 document
6 references not yet in our index
- 1
- Dec. 21, 1928, ch. 42, § 2
- 45 Stat. 1057
- Pub. L. 98–381, title I, § 103(a)(1)
- 98 Stat. 1334
- Pub. L. 98–381
Citation graph
cites case law
§ 617a
“Colorado River Dam Fund”
Stat.×36
U.S.C.×7
Bills×1
Cite1
ActDec. 21, 1928, ch. 42, § 2
Stat.45 Stat. 1057
Pub. L.Pub. L. 98–381, title I, § 103(a)(1)
Stat.98 Stat. 1334
Cites 7 · showing 6Cited by 44 across 3 sources