Zasoby i środowisko · 10/5/2004

Central Utah Project Completion Act

Public Law 102-575, Central Utah Project Completion Act, Section 210, as amended through Public Law 104-286 and Public Law 107- 366, stipulates that: AThe Secretary shall allow for prepayment of the repayment contract between the United States and the Central Utah Water Conservancy District dated December 28, 1965, and supplemented on November 26, 1985, or any additional or supplemental repayment contract providing for repayment of municipal and industrial water delivery facilities of the Central Utah Project for which repayment is provided pursuant to such contract, under terms and conditions similar to those contained in the supplemental contract that provided for the prepayment of the Jordan Aqueduct dated October 28, 1993. The prepayment may be provided in several installments to reflect substantial completion of the delivery facilities being prepaid and may not be adjusted on the basis of the type of prepayment financing utilized by the District. Nothing in this section authorizes or terminates the authority to use tax exempt bond financing for this prepayment.@ In accordance with the above referenced legislation, the Central Utah Water Conservancy District (CUWCD) intends to