Public Law 75–453

That the Federal

Verde River Irrigation and Power District, Ariz.

Settlement of claims of holders of unpaid notes and warrants of, authorized.

Emergency Administrator of Public Works is hereby authorized to pay, in full settlement of all such claims against the United States, out of any unexpended fund under his control, not to exceed $46,024.41 in making settlements with the holders of the unpaid notes and warrants of the Verde River Irrigation and Power District issued in payment for property, services, or supplies furnished, in furtherance of the Verde reclamation project, Arizona, to the district during the period from November 2, 1933, when an allotment of $4,000,000 for the construction of the Verde project was authorized by the said Administrator, to October 3, 1934, when said allotment was canceled: Provided, That any expenditures of the

Provisos.

Certain expenditures not included.

district not incurred as a result of the proposed construction of said Verde reclamation project with funds of the Federal Emergency Administration of Public Works shall not be approved for payment under this Act: Provided further, That in making said settlements

Facts to be considered.

with the holders of said notes and warrants, the Administrator shall consider the reasonable value of the services performed or materials furnished, for which said notes or warrants were given, and where said notes or warrants have been transferred by the original holders, the Administrator shall also consider the price or prices paid by the transferees.