§835c–2. Authorization of appropriations; establishment of Columbia Basin Land Development Account

There are authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such moneys as may be necessary to carry out the provisions of sections 835 and 835a to 835c–5 ¹ of this title, to be reimbursable to the extent required by such sections. All revenues received in carrying out the provisions of section 835c of this title shall be covered into the General Treasury as miscellaneous receipts. Amounts equal to appropriated funds requisitioned by the Secretary and made available for disbursement on the books of the Treasurer of the United States shall be debited in a special account in the Treasury, to be known as the Columbia Basin Land Development Account. Amounts equal to revenues covered into the General Treasury as miscellaneous receipts shall be credited in said special account. After such credits equal the amount of the debits with interest thereon at the rate of 3 per centum per annum from the respective dates of the debits, additional credits in said special account shall be made by the Secretary, in the manner determined by him, the basis of corresponding credits to the construction cost obligations of the district or districts entering into contracts for the repayment thereof.

(May 27, 1937, ch. 269, §6, as added Mar. 10, 1943, ch. 14, 57 Stat. 19 ; amended Oct. 1, 1962, Pub. L. 87–728, §6(b), 76 Stat. 679 .)

References in Text

Sections 835a, 835b, 835c–3 and 835c–5, included within the reference to sections 835a to 835c–5 of this title, were repealed by Pub. L. 87–728, §3, Oct. 1, 1962, 76 Stat. 678 .

Amendments

1962-Pub. L. 87–728 substituted "for the repayment thereof" for "under section 835a of this title".

Section Referred to in Other Sections

This section is referred to in sections 835, 835c, 835c–1, 835c–4, 835d of this title.

¹ See References in Text note below.