SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Canadian River Project
Prepayment Act’’.
SEC. 2. DEFINITIONS.
For the purposes of this Act:
(1) The term ‘‘Authority’’ means the Canadian
River Municipal Water Authority, a conservation
and reclamation district of the State of Texas.
(2) The term ‘‘Canadian River Project Author-
ization Act’’ means the Act entitled ‘‘An Act to au-
thorize the construction, operation, and maintenance
by the Secretary of the Interior of the Canadian
River reclamation project, Texas’’, approved Decem-
ber 29, 1950 (chapter 1183; 64 Stat. 1124).
(3) The term ‘‘Project’’ means all of the right,
title and interest in and to all land and improve-
ments comprising the pipeline and related facilities
of the Canadian River Project authorized by the Ca-
nadian River Project Authorization Act.
(4) The term ‘‘Secretary’’ means the Secretary
of the Interior.
SEC. 3. PREPAYMENT AND CONVEYANCE OF PROJECT.
(a) IN GENERAL.—(1) In consideration of the Au-
thority accepting the obligation of the Federal Govern-
ment for the Project and subject to the payment by the
Authority of the applicable amount under paragraph (2)
within the 360-day period beginning on the date of the
enactment of this Act, the Secretary shall convey the
Project to the Authority, as provided in section 2(c)(3)
of the Canadian River Project Authorization Act (64 Stat.
1124).
(2) For purposes of paragraph (1), the applicable
amount shall be—
(A) $34,806,731, if payment is made by the
Authority within the 270-day period beginning on
the date of enactment of this Act; or
(B) the amount specified in subparagraph (A)
adjusted to include interest on that amount since the
date of the enactment of this Act at the appropriate
Treasury bill rate for an equivalent term, if payment
is made by the Authority after the period referred
to in subparagraph (A).
(3) If payment under paragraph (1) is not made by
the Authority within the period specified in paragraph (1),
this Act shall have no force or effect.
(b) FINANCING.—Nothing in this Act shall be con-
strued to affect the right of the Authority to use a particu-
lar type of financing.
SEC. 4. RELATIONSHIP TO EXISTING OPERATIONS.
(a) IN GENERAL.—Nothing in this Act shall be con-
strued as significantly expanding or otherwise changing
the use or operation of the Project from its current use
and operation.
(b) FUTURE ALTERATIONS.—If the Authority alters
the operations or uses of the Project it shall comply with
all applicable laws or regulations governing such alteration
at that time.
(c) RECREATION.—The Secretary of the Interior, act-
ing through the National Park Service, shall continue to
operate the Lake Meredith National Recreation Area at
Lake Meredith.
(d) FLOOD CONTROL.—The Secretary of the Army,
acting through the Corps of Engineers, shall continue to
prescribe regulations for the use of storage allocated to
flood control at Lake Meredith as prescribed in the Letter
of Understanding entered into between the Corps, the Bu-
reau of Reclamation, and the Authority in March and May
1980.
(e) SANFORD DAM PROPERTY.—The Authority shall
have the right to occupy and use without payment of lease
or rental charges or license or use fees the property re-
tained by the Bureau of Reclamation at Sanford Dam and
all buildings constructed by the United States thereon for
use as the Authority’s headquarters and maintenance fa-
cility. Buildings constructed by the Authority on such
property, or past and future additions to Government con-
structed buildings, shall be allowed to remain on the prop-
erty. The Authority shall operate and maintain such prop-
erty and facilities without cost to the United States.
SEC. 5. RELATIONSHIP TO CERTAIN CONTRACT OBLIGA-
TIONS.
(a) PAYMENT OBLIGATIONS EXTINGUISHED.—Provi-
sion of consideration by the Authority in accordance with
section 3(b) shall extinguish all payment obligations under
contract numbered 14–06–500–485 between the Authority
and the Secretary.
(b) OPERATION AND MAINTENANCE COSTS.—After
completion of the conveyance provided for in section 3, the
Authority shall have full responsibility for the cost of oper-
ation and maintenance of Sanford Dam, and shall con-
tinue to have full responsibility for operation and mainte-
nance of the Project pipeline and related facilities.
(c) GENERAL.—Rights and obligations under the ex-
isting contract No. 14–06–500–485 between the Authority
and the United States, other than provisions regarding re-
payment of construction charge obligation by the Author-
ity and provisions relating to the Project aqueduct, shall
remain in full force and effect for the remaining term of
the contract.
SEC. 6. RELATIONSHIP TO OTHER LAWS.
Upon conveyance of the Project under this Act, the
Reclamation Act of 1902 (82 Stat. 388) and all Acts
amendatory thereof or supplemental thereto shall not
apply to the Project.
SEC. 7. LIABILITY.
Except as otherwise provided by law, effective on the
date of conveyance of the Project under this Act, the
United States shall not be liable under any law for dam-
ages of any kind arising out of any act, omission, or occur-
rence relating to the conveyed property.
Passed the House of Representatives August 7 (leg-
islative day, August 6), 1998.
Attest:
Clerk.