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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4112 Introduced in House (IH)]

104th CONGRESS
  2d Session
                                H. R. 4112

    To provide for the settlement of claims of Swain County, North 
Carolina, against the United States arising under the agreement entered 
into on July 30, 1943, by the Tennessee Valley Authority, the State of 
  North Carolina, Swain County, North Carolina, and the United States.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 1996

 Mr. Taylor of North Carolina introduced the following bill; which was 
                 referred to the Committee on Resources

_______________________________________________________________________

                                 A BILL

 
    To provide for the settlement of claims of Swain County, North 
Carolina, against the United States arising under the agreement entered 
into on July 30, 1943, by the Tennessee Valley Authority, the State of 
  North Carolina, Swain County, North Carolina, and the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Swain County Settlement Act of 
1996''.

SEC. 2. AGREEMENT DEFINED.

    For purposes of this Act, the term ``Agreement'' means the 
agreement entered into on July 30, 1943, by the Tennessee Valley 
Authority, the State of North Carolina, Swain County, North Carolina, 
and the United States.

SEC. 3. SETTLEMENT OF CLAIMS.

    (a) Completion of Road.--Not later than 5 years after the date of 
the enactment of this Act, the Secretary of the Interior shall 
complete, in accordance the terms of the Agreement, the road which is 
referred to in the Agreement as the ``Park Road''.
    (b) Payment to Swain County.--The Secretary of the Treasury shall 
pay $16,000,000 to Swain County, North Carolina. Such payment shall be 
made after and in addition to the completion of the road under 
subsection (a).
    (c) Conditions of Payment.--The payment of funds pursuant to 
subsection (b) shall be made on the condition that--
            (1) the funds are deposited into an account in accordance 
        with the rules and regulations established by the North 
        Carolina Local Government Commission;
            (2) the principal of the funds is expended only pursuant to 
        a resolution approved by an affirmative vote of two-thirds of 
        the registered voters of Swain County; and
            (3) the interest earned on the principal of the funds paid 
        is expended only pursuant to a simple majority vote of the duly 
        elected governing commission of Swain County.
    (d) Full Settlement of All Claims.--Implementation of subsections 
(a) and (b) shall constitute full satisfaction of all claims of Swain 
County against the United States arising under the Agreement.

SEC. 4. LIMITATION ON FEES.

    No more than 10 percent of the payment made pursuant to section 
3(b) may be paid to or received by any agent or attorney in 
consideration for services rendered in connection with the claims 
settled by this Act. Any person who violates this section shall be 
subject to a fine of not more than $1000.
                                 <all>
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