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![handle is hein.usccsset/usconset50654 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
104TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 104-531
TO AMEND THE CENTRAL UTAH PROJECT COMPLETION
ACT
APRIL 23, 1996.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. YOUNG of Alaska, from the Committee on Resources,
submitted the following
REPORT
[To accompany H.R. 1823]
[Including cost estimate of the Congressional Budget Office]
The Committee on Resources, to whom was referred the bill
(H.R. 1823) to amend the Central Utah Project Completion Act to
direct the Secretary of the Interior to allow for prepayment of re-
payment contracts between the United States and the Central
Utah Water Conservancy District dated December 28, 1965, and
November 26, 1985, and for other purposes, having considered the
same, report favorably thereon with an amendment and rec-
ommend that the bill as amended do pass.
The amendment is as follows:
Strike out all after the enacting clause and insert in lieu thereof
the following:
SECTION 1. PREPAYMENT OF CERTAIN REPAYMENT CONTRACTS BETWEEN THE UNITED
STATES AND THE CENTRAL UTAH WATER CONSERVANCY DISTRICT.
Section 210 of the Central Utah Project Completion Act (106 Stat. 4624) is amend-
ed by striking the second sentence and inserting the following: The Secretary shall
allow for prepayment of the repayment contract between the United States and the
Central Utah Water Conservancy District dated December 28, 1965, and supple-
mented on November 26, 1985, providing for repayment of municipal and industrial
water delivery facilities for which repayment is provided pursuant to such contract,
under terms and conditions similar to those contained in the supplemental contract
that provided for the prepayment of the Jordan Aqueduct dated October 28, 1993.
The prepayment may be provided in several installments to reflect substantial com-
pletion of the delivery facilities being prepaid and may not be adjusted on the basis
of the type of prepayment financing utilized by the District. The District shall exer-
cise its right to prepayment pursuant to this section by the end of fiscal year 2002.
Nothing in this section authorizes or terminates the authority to use tax exempt
bond financing for this prepayment..
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