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43 U.S.C. § 617u — Lease of reserved lands in Boulder City, Nevada; disposition of revenues
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of the Interior is authorized and empowered, under such rules and regulations as he may prescribe, to establish rental rates for the lease of reserved lands of the United States situate within the exterior boundaries of Boulder City, Nevada, and, without prior advertising, to enter into leases therefor at not less than rates so established and for periods not exceeding fifty-three years from the date of such leases: Provided, That all revenues which may accrue to the United States under the provisions of such leases shall be deposited in the Treasury and credited to the Colorado River Dam fund established by [section 617a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section617a&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-43/section-617u-lease-of-reserved-lands-in-boulder-city-nevada-disposition-of-revenues--5a111c4d03.md
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Source location: Title 43, Chapter 12A, § 617u; chapter-12a-boulder-canyon-project.md
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The Secretary of the Interior is authorized and empowered, under such rules and regulations as he may prescribe, to establish rental rates for the lease of reserved lands of the United States situate within the exterior boundaries of Boulder City, Nevada, and, without prior advertising, to enter into leases therefor at not less than rates so established and for periods not exceeding fifty-three years from the date of such leases: Provided, That all revenues which may accrue to the United States under the provisions of such leases shall be deposited in the Treasury and credited to the Colorado River Dam fund established by [section 617a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section617a&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(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..11 So in original. 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section617c&num=0&edition=prelim). 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 construc
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Federal law — U.S. Code and appendices · legal_authorities
Page 217
TITLE 43—PUBLIC LANDS
§ 618
islature of each of such States and by the Con-
gress of the United States.
(Dec. 21, 1928, ch. 42, § 19, 45 Stat. 1065.)
§ 617s. Recognition of rights of Mexico to Colo-
rado River waters
Nothing in this subchapter shall be construed
as a denial or recognition of any rights, if any,
in Mexico to the use of the waters of the Colo-
rado River system.
(Dec. 21, 1928, ch. 42, § 20, 45 Stat. 1066.)
§ 617t. Short title
The short title of this subchapter shall be
‘‘Boulder Canyon Project Act.’’
(Dec. 21, 1928, ch. 42, § 21, 45 Stat. 1066.)
§ 617u. Lease of reserved lands in Boulder City,
Nevada; disposition of revenues
The Secretary of the Interior is authorized and
empowered, under such rules and regulations as
he may prescribe, to establish rental rates for
the lease of reserved lands of the United States
situate within the exterior boundaries of Boul-
der City, Nevada, and, without prior advertising,
to enter into leases therefor at not less than
rates so established and for periods not exceed-
ing fifty-three years from the date of such
leases: Provided, That all revenues which may
accrue to the United States under the provisions
of such leases shall be deposited in the Treasury
and credited to the Colorado River Dam fund es-
tablished by section 617a of this title.
(June 18, 1940, ch. 395, 54 Stat. 437.)
Editorial Notes
CODIFICATION
Section was not enacted as part of the Boulder Can-
yon Project Act which comprises this subchapter.
Statutory Notes and Related Subsidiaries
BOULDER CITY ACT OF 1958
Public Law 85–900, Sept. 2, 1958, 72 Stat. 1726, provided
for disposal of certain Federal property in Boulder City
for purposes of establishment of a municipal corpora-
tion incorporated under laws of Nevada.
§ 61
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