Public Law 85–611

That paragraph (3) of section 9, subsection (d), of the Reclamation Project Act of 1939 (53 Stat. 1187, 1195) is hereby amended to read as follows:

“That the general repayment obligation of the organization shall be

Variable plan.

spread in annual installments, of the number and amounts fixed by the Secretary, over a period of not more than 40 years, exclusive of any development period fixed under paragraph (1) of this subsection, for any project contract unit or, if the project contract unit be divided into two or more irrigation blocks, for any such block, or as near to said period of not more than forty years as is consistent with the adoption and operation of a variable payment formula which, being based on full repayment within such period under average conditions, permits variance in the required annual payments in the light of economic factors pertinent to the ability of the organization to pay.”

Sec. 2.

The benefits of a variable payment plan as provided in the

Water storage contracts.

amendment to paragraph (3) of section 9, subsection (d), of the

43 USC 485h.

Reclamation Project Act of 1939 contained in section 1 of this Act may be extended by the Secretary to any organization with which he contracts or has contracted for the repayment of construction costs allocated to irrigation on any project undertaken by the United States,

16 USC 590y–590z–10.

including contracts under the Act of August 11, 1939 (53 Stat. 1418), as amended, and contracts for the storage of water or for the use or

43 USC 390.

stored water under section 8 of the Act of December 22, 1944 (58 Stat. 887, 891). In the case of any project for which a maximum repayment period longer than that prescribed in said paragraph (3) has been or is allowed by Act of Congress, the period so allowed may be used by the Secretary in lieu of the forty-year period provided in said amendment to paragraph (3).

Sec. 3.

Section 2, subsection (h), of the Reclamation Project Act

Repeals.

of 1939 is hereby repealed and the subsections following it are relettered accordingly. Section 4, as amended, of the same Act is hereby repealed. Paragraph (5) of section 9, subsection (d), of the same Act is hereby

43 USC 485a, 485b note.

repealed. Section 17, as amended, of the same Act is hereby further amended by substituting the expression “Section 3” for the expression “Sections 3 and 4” where the latter occurs in said section. The Act of March 6, 1952 (66 Stat. 16) is hereby amended by deleting therefrom the figure “4” in the expression “sections 3, 4, and 7 of the Reclamation Project Act of 1939.”