42 U.S.C. § 1962d-5c : US Code - Section 1962D-5C: Non-Federal public bodies, installment construction payments

Search 42 U.S.C. § 1962d-5c : US Code - Section 1962D-5C: Non-Federal public bodies, installment construction payments

(a) Annual installments during period of construction in absence of
other provision for extended repayment
In connection with any water resource development project,
heretofore, herein, or hereafter authorized to be undertaken by the
Secretary of the Army, the construction of which has not been
initiated as of March 7, 1974, where authorization requires that
non-Federal public bodies make an agreed-upon cash contribution as
part of their reimbursement to the Federal Government for
construction costs, or a specific portion of the construction
costs, and where there exists no other provision of law which would
permit extended repayment for the construction costs or such
specific portion of the construction costs involved, such non-
Federal public bodies may make such repayment in annual
installments during the period of construction.
(b) Cost sharing; modification
Upon the request of affected non-Federal public bodies, the
Secretary of the Army is authorized to modify existing cost sharing
agreements in order to effectuate the provisions of subsection (a)
of this section.