16 U.S.C. § 806 : US Code - Section 806: Time limit for construction of project works; extension of time; termination or revocation of licenses for delay

Search 16 U.S.C. § 806 : US Code - Section 806: Time limit for construction of project works; extension of time; termination or revocation of licenses for delay

The licensee shall commence the construction of the project works
within the time fixed in the license, which shall not be more than
two years from the date thereof, shall thereafter in good faith and
with due diligence prosecute such construction, and shall within
the time fixed in the license complete and put into operation such
part of the ultimate development as the commission shall deem
necessary to supply the reasonable needs of the then available
market, and shall from time to time thereafter construct such
portion of the balance of such development as the commission may
direct, so as to supply adequately the reasonable market demands
until such development shall have been completed. The periods for
the commencement of construction may be extended once but not
longer than two additional years and the period for the completion
of construction carried on in good faith and with reasonable
diligence may be extended by the commission when not incompatible
with the public interests. In case the licensee shall not commence
actual construction of the project works, or of any specified part
thereof, within the time prescribed in the license or as extended
by the commission, then, after due notice given, the license shall,
as to such project works or part thereof, be terminated upon
written order of the commission. In case the construction of the
project works, or of any specified part thereof, has been begun but
not completed within the time prescribed in the license, or as
extended by the commission, then the Attorney General, upon the
request of the commission, shall institute proceedings in equity in
the district court of the United States for the district in which
any part of the project is situated for the revocation of said
license, the sale of the works constructed, and such other
equitable relief as the case may demand, as provided for in section
820 of this title.