[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 1112 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                S. 1112

  To allow for the renegotiation of the payment schedule of contracts 
  between the Secretary of the Interior and the Redwood Valley County 
                Water District, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 16, 2007

 Mrs. Feinstein (for herself and Mrs. Boxer) introduced the following 
bill; which was read twice and referred to the Committee on Energy and 
                           Natural Resources

_______________________________________________________________________

                                 A BILL


 
  To allow for the renegotiation of the payment schedule of contracts 
  between the Secretary of the Interior and the Redwood Valley County 
                Water District, 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. RENEGOTIATION OF PAYMENT SCHEDULE.

    Section 15 of Public Law 100-516 (102 Stat. 2573) is amended as 
follows:
            (1) By amending paragraph (2) of subsection (a) to read as 
        follows:
            ``(2) If, as of January 1, 2006, the Secretary of the 
        Interior and the Redwood Valley County Water District have not 
        renegotiated the schedule of payment, the District may enter 
        into such additional non-Federal obligations as are necessary 
        to finance procurement of dedicated water rights and 
        improvements necessary to store and convey those rights to 
        provide for the District's water needs. The Secretary shall 
        reschedule the payments due under loans numbered 14-06-200-
        8423A and 14-06-200-8423A Amendatory and said payments shall 
        commence when such additional obligations have been financially 
        satisfied by the District. The date of the initial payment owed 
        by the District to the United States shall be regarded as the 
        start of the District's repayment period and the time upon 
        which any interest shall first be computed and assessed under 
        section 5 of the Small Reclamation Projects Act of 1956 (43 
        U.S.C. 422a et seq.).''.
            (2) By striking subsection (c).
                                 <all>