Volume 74 · 818
Public Law 86–718
To authorize adjustment, in the public interest, of rentals under leases entered into for the provision of commercial recreational facilities at the John H. Kerr Reservoir, Virginia-North Carolina.
Approved September 6, 1960
Statutory text
AN ACT
To authorize adjustment, in the public interest, of rentals under leases entered into for the provision of commercial recreational facilities at the John H. Kerr Reservoir, Virginia-North Carolina.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the Chief of Engineers, under the supervision of the Secretary of the Army, is authorized to amend any lease providing for the construction, maintenance, and operation of commercial recreational facilities at the John H. Kerr Reservoir, Virginia-North Carolina, entered into before November 1, 1956, under section 4 of the Act of December 22, 1944,
as amended (16 U.S.C. 460d), so as to provide for adjustment, either by increase or decrease, from time to time during the term of such lease of the amount of rental or other consideration payable to the United States under such lease, when and as he determines such adjustment to be necessary or advisable in the public interest. No adjustment shall be made under authority of this Act so as to increase or decrease the amount of rental or other consideration payable under such lease for any period prior to the date of such adjustment.
Approved September 6, 1960.