A bill to allow for the renegotiation of the payment schedule of contracts between the Secretary of the Interior and the Redwood Valley Country Water District, and for other purposes.
About This Bill
Committee
Latest Action · May 25, 2006
Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S5256)
Authorizes the Redwood Valley County Water District, California, to enter into additional non-federal obligations necessary to finance procurement of dedicated water rights and improvements needed, if the Secretary of the Interior and the District, as of January 1, 2006, have not renegotiated the schedule of payments for loans made by the United States to the District.
Requires: (1) the renegotiated schedule of payments to commence when such additional obligations have been financially satisfied by the District; and (2) the date of the initial payment by the District to the United States to be regarded as the start of the repayment period and the time upon which any interest shall first be computed and assessed under the Small Reclamation Projects Act of 1956.
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