Joint resolution to amend section 19(e) of the Securities Exchange Act of 1934
PL 91-410 (H.J.Res.1247), enacted 09/25/1970

862 
PUBLIC L
A
W 91-410-SEPT. 25, 1970 
[84 STAT. 
Lands, disposi-
tion. 
78 Stat. 156. 
16 u s e 4 6 0 H 2 
note. 
Interest rates. 
Availability 
of funds. 
Rules and 
regulations. 
Appropriation, 
SEC. 5. (a) Lands available for disposition on the Kiverton unit, 
including property acquired pursuant to the Act of Marcli 10, 196-1-, 
shall be sold at j)ublic or private sale at not less than appraised fair 
market value at the time of sale. The Secretary may dispose of such 
lands in tracts of any size, so long as no such dis}>osition will result in 
a total ownership within the unit by any one owner in excess of the 
limitation prescribed in section 4 above. 
(b) In the disposition of lands on the Riverton unit, resident land-
owners on the unit who have not obtained relief under the Act of 
March 10,1964, as amended, shall have a prior right to ])urchase tracts 
in order to supplement their existing farms. 
SEC. 6. (a) The provision of lands, facilitieSj and project modifica-
tions which furnish fish and wildlife benefits m connection with the 
Rivei+on extension unit shall be in accordance Avith the Federal Water 
Project Recreation Act (79 Stat. 213). 
(b) The interest rate used for purposes of computing interest during 
construction and interest on the unpaid balance of the capital cost 
alkx'ated to interest-bearing features of the project shall be determined 
by the Secretary of the Treasury as of the beginning of the fiscal year 
in which construction of said interest-bearing features is initiated, on 
the basis of the computed average interest i-ate payable by the Treasury 
upon its o\itstanding marketable public obligations, which are neither 
due nor callable for redemption for fifteen years from date of issue. 
SEC. 7. Appropriations heretofore or hereafter made for carrying 
on the functions of the Bureau of Reclamation shall be available for 
credits, expenses, charges, and cost provided by or incurred under this 
Act. The Secretary is authorized to make such rules and regulations 
as are necessary to carry out the provisions of this Act. 
SEC. 8. There is hereby authorized to be appropriated for rehabilita-
tion and betterment of the facilities of the first and second divisions 
of the Riverton unit, for completion of drainage works for said first 
and second divisions, and for fish and wildlife measures as authorized 
by this Act, the sum of $12,116,000 (based on July 1969 prices), plus 
or minus such amounts, if any, as may be justified by reason of ordi-
nary fluctuations in construction cost indexes applicable to the types 
of construction involved herein. There are also authorized to be appro-
l)riated such additional sums as may l)e required for opei'ation and 
maintenance of the Riverton unit. 
Approved September 25, 1970. 
Public Law 91-410 
September 25, 1970 
[H. J. Res.1247] 
JOINT RESOLUTION 
To amend section 19(e) of the Securities Exchange Act of 1934. 
Securities Ex-
change Act of 
1934, amendment. 
82 Stat. 453; 
83 Stat. 141. 
Whereas additional time is required for the Securities and Exchange 
Commission to complete its institutional investors study, and file 
a report with respect thereto, pursuant to section 19(e) of the 
Securities Exchange Act of 1934: Now, therefore, be it 
Resolved hy the Senate and House of Representatives 
of the United 
States of America in Congress assembled^ That section 19(e) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78s(e)) is amended by 
striking out in paragraph (1) "September 1, 1970" and inserting in 
lieu thereof "December 31, 1970". 
Approved September 25, 1970.