2011 US Code
Title 43 - Public Lands
Chapter 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT (§§ 371 - 616yyyy)
Subchapter XI - MAINTENANCE AND OPERATION OF WORKS GENERALLY (§§ 491 - 505)
Section 501 - Disposition of profits of project taken over by water users
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, Title 43 - PUBLIC LANDS |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 43 - PUBLIC LANDS CHAPTER 12 - RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT SUBCHAPTER XI - MAINTENANCE AND OPERATION OF WORKS GENERALLY Sec. 501 - Disposition of profits of project taken over by water users |
Contains | section 501 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | No |
Disposition | standard |
Source Credit | Dec. 5, 1924, ch. 4, §4, subsec. I, 43 Stat. 703. |
Statutes at Large Reference | 43 Stat. 703 |
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Whenever the water users take over the care, operation, and maintenance of a project, or a division of a project, the total accumulated net profits, as determined by the Secretary, derived from the operation of project power plants, leasing of project grazing and farm lands, and the sale or use of town sites shall be credited to the construction charge of the project, or a division thereof, and thereafter the net profits from such sources may be used by the water users to be credited annually, first, on account of project construction charge, second, on account of project operation and maintenance charge, and third, as the water users may direct. No distribution to individual water users shall be made out of any such profits before all obligations to the Government shall have been fully paid.
(Dec. 5, 1924, ch. 4, §4, subsec. I, 43 Stat. 703.)
DefinitionsThe definitions in section 371 of this title apply to this section.
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