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43 U.S.C. § 618d — Readvances from Treasury where Dam Fund is insufficient to meet cost of replacements
Federal law — U.S. Code and appendices · legal_authorities
If at any time there shall be insufficient sums in the Colorado River Dam Fund to meet the cost of replacements, however necessitated, in addition to meeting the other requirements of this subchapter, or of regulations authorized hereby and promulgated by the Secretary, the Secretary of the Treasury, upon request of the Secretary of the Interior, shall readvance to the said fund, in amounts not exceeding, in the aggregate, moneys repaid to the Treasury pursuant to [section 618a(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section618a/b&num=0&edition=prelim), the amount required for replacements, however necessitated, in excess of the amount currently available therefor in said Colorado River Dam Fund. There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such sums, not exceeding said aggregate amount, as may be necessary to permit the Secretary of the Treasury to make such readvances. All such readvances shall bear interest.
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Source file: Laws/federal/codes/united-states-code/title-43/section-618d-readvances-from-treasury-where-dam-fund-is-insufficient-to-meet-cost-of--e7b3f9505f.md
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Source location: Title 43, Chapter 12A, § 618d; chapter-12a-boulder-canyon-project.md
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If at any time there shall be insufficient sums in the Colorado River Dam Fund to meet the cost of replacements, however necessitated, in addition to meeting the other requirements of this subchapter, or of regulations authorized hereby and promulgated by the Secretary, the Secretary of the Treasury, upon request of the Secretary of the Interior, shall readvance to the said fund, in amounts not exceeding, in the aggregate, moneys repaid to the Treasury pursuant to [section 618a(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section618a/b&num=0&edition=prelim), the amount required for replacements, however necessitated, in excess of the amount currently available therefor in said Colorado River Dam Fund. There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such sums, not exceeding said aggregate amount, as may be necessary to permit the Secretary of the Treasury to make such readvances. All such readvances shall bear interest.
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Federal law — U.S. Code and appendices · legal_authorities
All receipts from the project shall be paid into the Colorado River Dam Fund and shall be available, without further appropriation, for:
**(a) Defraying operating expenses** Defraying the costs of operation (including purchase of supplemental energy to meet temporary deficiencies in firm energy which the Secretary of Energy is obligated by contract to supply), maintenance and replacements of, and emergency expenditures for, all facilities of the project, within such separate limitations as may be included in annual appropriations Acts;
**(b) Repayment of cost of construction** Repayment to the Treasury, with interest (after making provision for the payments and transfers provided in subdivisions (c) and (d) hereof), of advances to the Colorado River Dam Fund for the construction of the project (excluding the amount allocated to flood control by section 2(b) of the Project Act [[43 U.S.C. 617a(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section617a/b&num=0&edition=prelim)]), and any readvances made to said fund under [section 618d of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section618d&num=0&edition=prelim); and
**(c) Commutation payments to Arizona and Nevada** Payment subject to the provisions of [section 618b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section618b&num=0&edition=prelim), in commutation of the payments now provided for the States of Arizona and Nevada in section 4(b) of the Project Act [[43 U.S.C. 617c(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section617c/b&num=0&edition=prelim)] to each of said States of the sum of $300,000 for each year of operation, beginning with the year of operation ending May 31, 1938, and
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Federal law — U.S. Code and appendices · legal_authorities
Page 220
TITLE 43—PUBLIC LANDS
§ 618d
accounts by reason thereof, including charges by
and against the United States, shall be made so
that the United States and all parties that have
contracted for energy, or for the privilege of
generating energy, at the project, shall be
placed in the same position, as nearly as may
be, as determined by the Secretary, that they
would have occupied had such charges, or the
basis of computation thereof, and the method of
operation which may be provided for under sec-
tion 618h of this title, been effective on June 1,
1937: Provided, That such adjustments with con-
tractors shall not be made in cash, but shall be
made by means of credits extended over such pe-
riod as the Secretary may determine.
(b) In the event payments to the States of Ari-
zona and Nevada, or either of them, under sec-
tion 618a(c) of this title, shall be reduced by rea-
son of the collection of taxes mentioned in said
section, adjustments shall be made, from time
to time, with each allottee which shall have
paid any such taxes, by credits or otherwise, for
that proportion of the amount of such reduc-
tions which the amount of the payments of such
taxes by such allottee bears to the total amount
of such taxes collected.
(July 19, 1940, ch. 643, § 4, 54 Stat. 776.)
§ 618d. Readvances from Treasury where Dam
Fund is insufficient to meet cost of replace-
ments
If at any time there shall be insufficient sums
in the Colorado River Dam Fund to meet the
cost of replacements, however necessitated, in
addition to meeting the other requirements of
this subchapter, or of regulations authorized
hereby and promulgated by the Secretary, the
Secretary of the Treasury, upon request of the
Secretary of the Interior, shall readvance to the
said fund, in
Source: Supplied 2024 U.S. Code historical extraction · 43 U.S.C. § 618d
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