43 U.S.C. § 501 : US Code - Section 501: Disposition of profits of project taken over by water users

Search 43 U.S.C. § 501 : US Code - Section 501: Disposition of profits of project taken over by water users

Whenever the water users take over the care, operation, and
maintenance of a project, or a division of a project, the total
accumulated net profits, as determined by the Secretary, derived
from the operation of project power plants, leasing of project
grazing and farm lands, and the sale or use of town sites shall be
credited to the construction charge of the project, or a division
thereof, and thereafter the net profits from such sources may be
used by the water users to be credited annually, first, on account
of project construction charge, second, on account of project
operation and maintenance charge, and third, as the water users may
direct. No distribution to individual water users shall be made out
of any such profits before all obligations to the Government shall
have been fully paid.