United States Government Publishing Office publisher pbl distributor dst United States Congress House of Representatives author aut Government Organization text government publication eng CRPT Congressional Committee Materials 106_cong_reports legislative 2010-08-09 U.S. Government Printing Office 2000-09-07 monographic deposited born digital 7 digital object pages Y 1.1/8: https://www.govinfo.gov/app/details/CRPT-106hrpt832 P0b002ee1803313df 000527665 f:hr832.106.txt DGPO 2010-08-09 2024-11-10 CRPT-106hrpt832 machine generated eng fdlp Report to accompany H.R. 2674, including cost estimate of the Congressional Budget Office, The Committee on Resources, to whom was referred the bill (H.R. 2674) providing for conveyance of the Palmetto Bend project to the State of Texas, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``Palmetto Bend Conveyance Act''. SEC. 2. DEFINITIONS. in this Act: (1) Project.--The term ``Project'' means the Palmetto Bend Reclamation Project in the State of Texas authorized under Public Law 90-562 (82 Stat. 999). (2) Secretary.--The term ``Secretary'' means the Secretary of the interior. (3) State.--The term ``State'' means the Texas Water Development Board and Lavaca-Navidad River Authority jointly, unless Lavaca-Navidad River Authority has acquired the interests of the Texas Water Development Board prior to the time of title transfer, in which case ``State'' shall mean Lavaca-Navidad River Authority. SEC. 3. CONVEYANCE. (a) in General.--The Secretary shall, as soon as practicable after the date of enactment of this Act and in accordance with all applicable law, and subject to the conditions set forth in sections 4 and 5, convey to the State all right, title, and interest (excluding the mineral estate) in and to the Project held by the United States. (b) Report.--If the conveyance under section 3 has not been completed within 1 year and 180 days after the date of enactment of this Act, the Secretary shall submit to the Committee on Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report that describes-- (1) the status of the conveyance; (2) any obstacles to completion of the conveyance; and (3) the anticipated date for completion of the conveyance. SEC. 4. PAYMENT. (a) in General.--As a condition of the conveyance, the State shall pay the Secretary the adjusted net present value of current repayment obligations on the Project, calculated 30 days prior to closing using a discount rate equal to the average interest rate on 30-year United States Treasury notes during the preceding calendar month, which following application of the State's August 1, 1999, payment, is currently calculated to be $45,082,675 using a discount rate of 6.070 percent. The State shall also pay interest on the adjusted net present value of current repayment obligations from the date of State's most recent annual payment until closing at the interest rate for constant maturity United States Treasury notes of an equivalent term. (b) Obligation Extinguished.--Upon payment by the State under subsection (a), the obligation of the State and the Bureau of Reclamation under the Bureau of Reclamation Contract No. 14-06-500- 1880, as amended shall be extinguished. After completion of conveyance provided for in section 3, the State shall assume full responsibility for all aspects of operation, maintenance, and replacement of the Project. (c) Additional Costs.--The State shall bear the cost of all boundary surveys, title searches, appraisals, and other transaction costs for the conveyance. (d) Reclamation Fund.--All funds paid by the State to the Secretary under this section shall be credited to the Reclamation Fund in the Treasury of the United States. SEC. 5. FUTURE MANAGEMENT. (a) in General.--As a condition of the conveyance under section 3, the State shall agree that the lands, water, and facilities of the Project shall continue to be managed and operated for the purposes for which the Project was originally authorized; that is, to provide a dependable municipal and industrial water supply, to conserve and develop fish and wildlife resources, and to enhance recreational opportunities. The State's agreement shall be reflected in the management agreement required by subsection (b) of this section. (b) Fish, Wildlife, and Recreation Management.--As a condition of conveyance under section 3, management decisions and actions affecting the public aspects of the Project (namely, fish, wildlife, and recreation resources) shall be conducted according to a management agreement between all recipients of title to the Project and the Texas Parks and Wildlife Department that has been approved by the Secretary and shall extend for the useful life of the Project. (c) Existing Obligations.--The United States shall assign to the State and the State shall accept all surface use obligations of the United States associated with the Project existing on the date of the conveyance including contracts, easements, and any permits or license agreements. SEC. 6. MANAGEMENT OF MINERAL ESTATE. HRPT CRPT-106hrpt832 HOUSE 106 832 2 false true https://www.govinfo.gov/app/details/CRPT-106hrpt832 https://www.govinfo.gov/content/pkg/CRPT-106hrpt832/html/CRPT-106hrpt832.htm https://www.govinfo.gov/content/pkg/CRPT-106hrpt832/pdf/CRPT-106hrpt832.pdf H. Rept. 106-832 The Committee on Resources, to whom was referred the bill (H.R. 2674) providing for conveyance of the Palmetto Bend project to the State of Texas, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. PALMETTO BEND CONVEYANCE ACT;H. Rept. 106-832 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed FIRSTPART CRPT-106hrpt832 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed 2 Palmetto Bend Conveyance Act The Committee on Resources, to whom was referred the bill (H.R. 2674) providing for conveyance of the Palmetto Bend project to the State of Texas, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. Mr. Young of Alaska, from the Committee on Resources, submitted the following Committee on Resources Resources Mr. Young of Alaska Don Young Young, Don Don E. Young

H.R. 2674, 106th Don Young United States House of Representatives sponsor spn United States Congress Member United States Congress House of Representatives Committee on Resources associated name asn Government Organization S. 1474 106 OTHER H.R. 2674 106 OTHER H.R. 2674 106 PRIMARY Title 28 Section 2671et seq. 28 U.S.C. 2671et seq. Title 43 Section 371et seq. 43 U.S.C. 371et seq. Volume 32 Page 388 32 Stat. 388 Volume 82 Page 999 82 Stat. 999 Public Law 90-562 Public Law No 90-562 Public Law 104-4 Public Law No 104-4