§ 618c. — Charges as retroactive; adjustment of accounts.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 43USC618c]
TITLE 43--PUBLIC LANDS
CHAPTER 12A--BOULDER CANYON PROJECT
SUBCHAPTER II--BOULDER CANYON PROJECT ADJUSTMENT ACT
Sec. 618c. Charges as retroactive; adjustment of accounts
(a) Upon the taking effect of this subchapter, pursuant to section
618i of this title, the charges, or the basis of computation thereof,
promulgated under this subchapter, shall be applicable as from June 1,
1937, and adjustments of accounts by reason thereof, including charges
by and against the United States, shall be made so that the United
States and all parties that have contracted for energy, or for the
privilege of generating energy, at the project, shall be placed in the
same position, as nearly as may be, as determined by the Secretary, that
they would have occupied had such charges, or the basis of computation
thereof, and the method of operation which may be provided for under
section 618h of this title, been effective on June 1, 1937: Provided,
That such adjustments with contractors shall not be made in cash, but
shall be made by means of credits extended over such period as the
Secretary may determine.
(b) In the event payments to the States of Arizona and Nevada, or
either of them, under section 618a(c) of this title, shall be reduced by
reason of the collection of taxes mentioned in said section, adjustments
shall be made, from time to time, with each allottee which shall have
paid any such taxes, by credits or otherwise, for that proportion of the
amount of such reductions which the amount of the payments of such taxes
by such allottee bears to the total amount of such taxes collected.
(July 19, 1940, ch. 643, Sec. 4, 54 Stat. 776.)
