II 

110TH CONGRESS 

1ST SESSION S. 1643 

To establish the Reclamation Water Settlements Fund, and for other 

purposes. 

IN THE SENATE OF THE UNITED STATES 

JUNE 18, 2007 

Mr. DOMENICI introduced the following bill; which was read twice and referred 

to the Committee on Indian Affairs 

A BILL 

To establish the Reclamation Water Settlements Fund, and 

for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Reclamation Water 

5 Settlements Fund Act of 2007’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act: 

8 (1) FUND.—The term ‘‘Fund’’ means the Rec9 lamation Water Settlements Fund established by 

10 section 3(a). 


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1 (2) SECRETARY.—The term ‘‘Secretary’’ means 

2 the Secretary of the Interior. 

3 (3) STATE.—The term ‘‘State’’ means the State 

4 of New Mexico. 

5 SEC. 3. RECLAMATION WATER SETTLEMENTS FUND. 

6 (a) ESTABLISHMENT.—There is established in the 

7 Treasury of the United States a fund, to be known as the 

8 ‘‘Reclamation Water Settlements Fund’’, consisting of— 

9 (1) such amounts as are deposited to the Fund 

10 under subsection (b); and 

11 (2) any interest earned on investment of 

12 amounts in the Fund under subsection (d). 

13 (b) DEPOSITS TO FUND.— 

14 (1) IN GENERAL.—For each of the 10 years 

15 after the date of enactment of this Act, the Sec16 retary of the Treasury shall deposit in the Fund an 

17 amount equal to 30 percent of the revenues gen18 erated within the external boundaries of the State of 

19 New Mexico that would otherwise be deposited for 

20 the fiscal year in the fund established by the first 

21 section of the Act of June 17, 1902 (32 Stat. 388, 

22 chapter 1093). 

23 (2) AVAILABILITY OF AMOUNTS.—On deposit, 

24 the amounts in the Fund under subsection (a)(1), 

25 and on accrual, any interest earned under subsection 


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1 (d), shall be available annually, without further ap2 propriation, to carry out subsection (c). 

3 (c) USE.— 

4 (1) IN GENERAL.—On request of the Secretary, 

5 the Secretary of the Treasury shall transfer to the 

6 Secretary such amounts in the Fund as are nec7 essary to fund any activities of the Bureau of Rec8 lamation relating to Indian water rights settlements 

9 in the State that are approved by Congress and are 

10 associated with the planning, designing, or construc11 tion of— 

12 (A) water supply infrastructure; or 

13 (B) a project to rehabilitate a water deliv14 ery system to conserve water. 

15 (2) PRIORITY.— 

16 (A) IN GENERAL.—Except as provided in 

17 subparagraph (B), amounts shall be transferred 

18 under paragraph (1) in the order in which the 

19 Indian water rights settlements are approved by 

20 Congress. 

21 (B) EXCEPTION.—Amounts may be made 

22 simultaneously available under paragraph (1) to 

23 fund activities relating to multiple approved In24 dian water rights settlements in the State if the 

25 Secretary determines that— 


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1 (i) sufficient amounts are available in 

2 the Fund to carry out activities relating to 

3 more than one Indian water rights settle4 ment simultaneously; and 

5 (ii) deviation from the priority order 

6 required under subparagraph (A) would 

7 not adversely affect the timely completion 

8 of the activities that would otherwise have 

9 priority under that subparagraph. 

10 (d) INVESTMENT OF AMOUNTS.— 

11 (1) IN GENERAL.—The Secretary of the Treas12 ury shall invest such portion of the Fund as is not, 

13 in the judgment of the Secretary of the Treasury, 

14 required to meet current withdrawals. 

15 (2) INTEREST-BEARING OBLIGATIONS.—Invest16 ments may be made only in interest-bearing obliga17 tions of the United States. 

18 (3) ACQUISITION OF OBLIGATIONS.—For the 

19 purpose of investments under paragraph (1), obliga20 tions may be acquired— 

21 (A) on original issue at the issue price; or 

22 (B) by purchase of outstanding obligations 

23 at the market price. 


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1 (4) SALE OF OBLIGATIONS.—Any obligation ac2 quired by the Fund may be sold by the Secretary of 

3 the Treasury at the market price. 

4 (5) CREDITS TO FUND.—The interest on, and 

5 the proceeds from the sale or redemption of, any ob6 ligations held in the Fund shall be credited to, and 

7 form a part of, the Fund. 

8 (e) TRANSFERS OF AMOUNTS.—The amounts re9 quired to be transferred to the Fund under this section 

10 shall be transferred at least annually. 

Æ 


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