H. R. 5516
IN THE SENATE OF THE UNITED STATES
September 28, 2006
November 13, 2006
Read twice and referred to the Committee on Energy and Natural Resources
To allow for the renegotiation of the payment schedule of contracts between the Secretary of the Interior and the Redwood Valley County Water District, and for other purposes.
Renegotiation of payment schedule
Section 15 of Public Law 100–516 (102 Stat. 2573) is amended as follows:
By amending paragraph (2) of subsection (a) to read as follows:
If, as of January 1, 2006, the Secretary of the Interior and the Redwood Valley County Water District have not renegotiated the schedule of payment, the District may enter into such additional non-Federal obligations as are necessary to finance procurement of dedicated water rights and improvements necessary to store and convey those rights to provide for the District’s water needs. The renegotiated schedule of payments shall commence when such additional obligations have been financially satisfied by the District. The date of the initial payment owed by the District to the United States shall be regarded as the start of the District’s repayment period and the time upon which any interest shall first be computed and assessed under section 5 of the Small Reclamation Projects Act of 1956 (43 U.S.C. 422a et seq.).
By striking subsection (c).
Passed the House of Representatives September 27, 2006.
Karen L. Haas,