[Congressional Record Volume 141, Number 96 (Tuesday, June 13, 1995)]
[Extensions of Remarks]
[Page E1228]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


           CENTRAL UTAH PROJECT PREPAYMENT AMENDMENT OF 1995

                                 ______


                          HON. JAMES V. HANSEN

                                of utah

                    in the house of representatives

                         Tuesday, June 13, 1995
  Mr. HANSEN. Mr. Speaker, I rise today to introduce the Central Utah 
Water Project Prepayment Amendment of 1995.
  Under this legislation, the Secretary of the Interior will be 
extended the authority to allow the Central Utah Water Conservancy 
District to prepay municipal and industrial water delivery facilities 
under the same terms and conditions as negotiated by the Department of 
the Interior for the prepayment of the Jordan Aqueduct system as 
previously authorized in section 210 of the Central Utah Project 
Completion Act.
  The bill does not call for any new Federal spending. The title to the 
facilities will remain with the United States of America. I am informed 
by the district's bond counsel that the prepayment of these Federal 
contracts could in fact result in as much as a $200 million payment to 
the Federal Treasury.
  The successful implementation of this amendment will be beneficial 
financially to both the Federal Government and the local water 
district.


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