[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1823 Referred in Senate (RFS)]

  2d Session
                                H. R. 1823


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                   IN THE SENATE OF THE UNITED STATES

                              May 1, 1996

   Received; read twice and referred to the Committee on Energy and 
                           Natural Resources

_______________________________________________________________________

                                 AN ACT


 
    To amend the Central Utah Project Completion Act to direct the 
    Secretary of the Interior to allow for prepayment of repayment 
    contracts between the United States and the Central Utah Water 
 Conservancy District dated December 28, 1965, and November 26, 1985, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

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 amended 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 supplemented 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 completion 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 exercise 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.''.

            Passed the House of Representatives April 30, 1996.

            Attest:

                                                ROBIN H. CARLE,

                                                                 Clerk.