[Congressional Record Volume 157, Number 166 (Wednesday, November 2, 2011)]
[Senate]
[Page S7091]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




  UNITED STATES AND THE UINTAH WATER CONSERVANCY DISTRICT PAYMENT ACT

  The bill (S. 808) to direct the Secretary of the Interior to allow 
for prepayment of repayment contracts between the United States and the 
Uintah Water Conservancy District, was ordered to be engrossed for a 
third reading, was read the third time, and passed, as follows:

                                 S. 808

       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 UINTAH WATER 
                   CONSERVANCY DISTRICT.

       The Secretary of the Interior shall allow for prepayment of 
     the repayment contract no. 6-05-01-00143 between the United 
     States and the Uintah Water Conservancy District dated June 
     3, 1976, and supplemented and amended on November 1, 1985, 
     and on December 30, 1992, 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 used in implementing section 
     210 of the Central Utah Project Completion Act (Public Law 
     102-575), as amended. The prepayment--
       (1) shall result in the United States recovering the net 
     present value of all repayment streams that would have been 
     payable to the United States if this Act was not in effect;
       (2) may be provided in several installments to reflect 
     substantial completion of the delivery facilities being 
     prepaid, and any increase in the repayment obligation 
     resulting from delivery of water in addition to the water 
     being delivered under this contract as of the date of 
     enactment of this Act;
       (3) shall be adjusted to conform to a final cost allocation 
     including costs incurred by the Bureau of Reclamation, but 
     unallocated as of the date of the enactment of this Act that 
     are allocable to the water delivered under this contract;
       (4) may not be adjusted on the basis of the type of 
     prepayment financing used by the District; and
       (5) shall be made such that total repayment is made not 
     later than September 30, 2022.

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