16 U.S.C. § 835c-2 : US Code - Section 835C-2: Authorization of appropriations; establishment of Columbia Basin Land Development Account

Search 16 U.S.C. § 835c-2 : US Code - Section 835C-2: Authorization of appropriations; establishment of Columbia Basin Land Development Account

There are authorized to be appropriated, out of any money in the
Treasury not otherwise appropriated, such moneys as may be
necessary to carry out the provisions of this Act, to be
reimbursable to the extent required by this Act. All revenues
received in carrying out the provisions of section 4 hereof [16
U.S.C. 835c] shall be covered into the General Treasury as
miscellaneous receipts. Amounts equal to appropriated funds
requisitioned by the Secretary and made available for disbursement
on the books of the Treasurer of the United States shall be debited
in a special account in the Treasury, to be known as the Columbia
Basin Land Development Account. Amounts equal to revenues covered
into the General Treasury as miscellaneous receipts shall be
credited in said special account. After such credits equal the
amount of the debits with interest thereon at the rate of 3 per
centum per annum from the respective dates of the debits,
additional credits in said special account shall be made by the
Secretary, in the manner determined by him, the basis of
corresponding credits to the construction cost obligations of the
district or districts entering into contracts for the repayment
thereof.