[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 517 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 517

 To provide relief to agricultural producers who granted easements to, 
 or owned or operated land condemned by, the Secretary of the Army for 
   flooding losses caused by water retention at the dam site at Lake 
    Redrock, Iowa, to the extent that the actual losses exceed the 
                      estimates of the Secretary.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 7, 1997

 Mr. Grassley introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
 To provide relief to agricultural producers who granted easements to, 
 or owned or operated land condemned by, the Secretary of the Army for 
   flooding losses caused by water retention at the dam site at Lake 
    Redrock, Iowa, to the extent that the actual losses exceed the 
                      estimates of the Secretary.

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

SECTION 1. RELIEF TO AGRICULTURAL PRODUCERS FOR FLOODING LOSS CAUSED BY 
              DAM ON LAKE REDROCK, IOWA.

    (a) Eligibility.--To be eligible for assistance under this section, 
an agricultural producer must--
            (1)(A) be an owner or operator of land who granted an 
        easement to the Federal Government for flooding losses to the 
        land caused by water retention at the dam site at Lake Redrock, 
        Iowa; or
            (B) have been an owner or operator of land that was 
        condemned by the Federal Government because of flooding of the 
        land caused by water retention at the dam site at Lake Redrock, 
        Iowa; and
            (2) have incurred losses that exceed the estimates of the 
        Secretary of the Army provided to the producer as part of the 
        granting of the easement or as part of the condemnation.
    (b) Compensation.--
            (1) In general.--Subject to paragraph (2), the Secretary of 
        the Army shall compensate an eligible producer described in 
        subsection (a) for flooding losses to the land of the producer 
        described in subsection (a)(2) in an amount determined by the 
        Federal Crop Insurance Corporation.
            (2) Reduction.--If the Secretary maintains a water 
        retention rate at the dam site at Lake Redrock, Iowa, of--
                    (A) less than 769 feet, the amount of compensation 
                provided to a producer under paragraph (1) shall be 
                reduced by 10 percent;
                    (B) not less than 769 feet and not more than 772 
                feet, the amount of compensation provided to a producer 
                under paragraph (1) shall be reduced by 7 percent; and
                    (C) more than 772 feet, the amount of compensation 
                provided to a producer under paragraph (1) shall be 
                reduced by 3 percent.
    (c) Crop Years.--This section shall apply to flooding losses to the 
land of a producer described in subsection (a)(2) that are incurred 
during the 1997 and subsequent crop years.
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